No person prohibited by law or by the charter of a domestic organization from serving as a member of its board shall be eligible to serve as an acting director except that no person shall be disqualified to serve as an acting director by reason of not being a stockholder, policyholder or member of such organization, by reason of not being a resident of this state or of a contiguous state, or by reason of the number of the directors or acting directors who are officers, acting officers or employees of the organization. Any person may serve as an acting director of a fund who is a director, acting director, officer or acting officer of an organization which is party to the agreement creating the fund. No oath of acting directors shall be required.
(Added to NRS by 1971, 1821)
Structure Nevada Revised Statutes
Chapter 693B - Continuity of Management During Emergency Resulting From Attack
NRS 693B.020 - Adoption of bylaws for emergency: Procedure; provisions; approval.
NRS 693B.030 - Change of location of principal office; notice to Commissioner.
NRS 693B.040 - Board meetings: Call; notice.
NRS 693B.050 - Emergency board of directors: Numbers; authorized action.
NRS 693B.060 - Emergency board of directors: Powers.
NRS 693B.070 - Commissioner required to be notified of meetings of emergency board of directors.
NRS 693B.080 - Acting directors: Qualifications; oaths not required.
NRS 693B.090 - Acting directors: Powers; compensation.
NRS 693B.100 - Acting officers: Powers, duties and compensation.
NRS 693B.110 - Designation of acting directors by Commissioner.
NRS 693B.140 - Commissioner authorized to take possession of business and property of organizations.
NRS 693B.160 - Presumption of acute emergency; powers of board or emergency board of directors.
NRS 693B.170 - Effect of chapter on organization’s power and on foreign and alien companies.