NRS
78.120 Board of directors: General powers.
1. Subject only to such limitations as may
be provided by this chapter, or the articles of incorporation of the
corporation, the board of directors has full control over the affairs of the
corporation.
2. Except as otherwise provided in this
subsection and subject to the bylaws, if any, adopted by the stockholders, the
directors may make the bylaws of the corporation. Unless otherwise prohibited
by any bylaw adopted by the stockholders, the directors may adopt, amend or
repeal any bylaw, including any bylaw adopted by the stockholders. The articles
of incorporation may grant the authority to adopt, amend or repeal bylaws
exclusively to the directors.
3. The selection of a period for the
achievement of corporate goals is the responsibility of the directors.
[Part 31:177:1925; NCL § 1630]—(NRS A 1991,
1217; 2003,
3083; 2005,
2176)
Notes of Decisions
Shoen v. SAC Holding Corp., 137 P.3d 1171 (Nev. 2006).
“In dismissing both the amended and proposed consolidated complaints, the court effectively recognized that, since Paul’s counsel had con *632 ceded that the demand futility analysis was identical under both complaints, if demand futility had not been sufficiently alleged, there…”
Horwitz v. Sw. Forest Indus., Inc., 604 F. Supp. 1130 (D. Nev. 1985).
“Nevada statute, NRS 78.120(1) provides that, with certain limitations not pertinent here, the board of directors shall have full control over the affairs of the corporation.”
Meridian OHC Partners, LP v. Davis (D. Haw. 2020).
“” Nev. Rev. Stat. § 78.120 (1). The management of such affairs includes the decision to take legal action on the corporation’s behalf.”
— Nev. Rev. Stat. § 78.120(1) — 3 cases
Shoen v. SAC Holding Corp., 137 P.3d 1171 (Nev. 2006).
“In dismissing both the amended and proposed consolidated complaints, the court effectively recognized that, since Paul’s counsel had con *632 ceded that the demand futility analysis was identical under both complaints, if demand futility had not been sufficiently alleged, there…”
Horwitz v. Sw. Forest Indus., Inc., 604 F. Supp. 1130 (D. Nev. 1985).
“Nevada statute, NRS 78.120(1) provides that, with certain limitations not pertinent here, the board of directors shall have full control over the affairs of the corporation.”
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