Nev. Rev. Stat. § 78.115
Board of directors: Number and qualifications
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NRS 78.115 Board of directors: Number and qualifications. The business of every corporation must be
managed under the direction of a board of directors or trustees, all of whom
must be natural persons who are at least 18 years of age. A corporation must
have at least one director, and may provide in its articles of incorporation or
in its bylaws for a fixed number of directors or a variable number of
directors, and for the manner in which the number of directors may be increased
or decreased. Unless otherwise provided in the articles of incorporation, directors
need not be stockholders.
[Part 31:177:1925; NCL § 1630]—(NRS A 1965, 1012; 1981, 384; 1987, 577; 1993, 949; 1995, 1113; 2003, 3083)
Notes of Decisions
Cited in 1
case, 1997–1997 · leading case: Clark v. Lubritz
Clark v. Lubritz (1997)
“5 The essence of appellants’ argument is that NRS 78.115 allows a corporate board to set director compensation.”
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