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Statute 661 135 — Nevada Law | CourtGPT
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  4. Chapter 661 - Organizational Requirementsnrs 661.015 - Organization: Minimum Initial Stockholders’ or Members’ Equity Required; Insurance of Deposit Accounts by Federal Deposit Insurance Corporation/
  5. Statute 661 135
Nevada Legal Code

Statute 661 135

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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)