Nevada Revised Statutes
Chapter 661 - Organizational Requirements
NRS 661.135 - Directors or managers: Number; selection.

1. The affairs and business of a banking corporation organized under the laws of this State must be managed or controlled by a board of directors of not less than five in number, who must be selected from the stockholders at the annual meeting of stockholders in such manner as may be provided by the bylaws of the corporation.
2. The affairs and business of a banking company so organized must be managed or controlled by no fewer than three managers selected from the members as provided in the operating agreement.
(Added to NRS by 1971, 978; A 1993, 193; 1995, 482)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 661 - Organizational Requirements

NRS 661.015 - Organization: Minimum initial stockholders’ or members’ equity required; insurance of deposit accounts by Federal Deposit Insurance Corporation.

NRS 661.025 - Requirements for stockholders’ or members’ equity determined by Commissioner; deposit liability; acceptance of deposits.

NRS 661.035 - Amendment of articles of incorporation to increase or reduce authorized stock; approval by Commissioner.

NRS 661.065 - Liability of persons holding stock in or becoming substituted members of bank in fiduciary capacity.

NRS 661.075 - Failure to pay installment on stock or contribution: Sale of stock or member’s interest; forfeiture of amount previously paid.

NRS 661.085 - Impaired stockholders’ or members’ equity: Duty of Commissioner to give notice; duty of officers and directors to require bank to make impairment good; power of Commissioner to take possession of bank.

NRS 661.105 - Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders’ equity.