NRS 81.240
Bylaws: Required and optional provisions concerning profits.

1.

The bylaws shall provide for the time and manner in which profits shall be divided between the members, and what proportion of the profits, if any, shall be added to the common property or funds of the association.

2.

The bylaws may provide that the directors may suspend or pass the payment of any such profit or installment of earnings at their discretion.

Source: Section 81.240 — Bylaws: Required and optional provisions concerning profits., https://www.leg.state.nv.us/NRS/NRS-081.html#NRS081Sec240.

81.175
Applicable law. 81.180
Formation of cooperative association: No capital stock 81.190
Members: Qualifications, rights, interest and duties. 81.200
Articles of association: Filing requirements 81.205
Articles of association: Prohibited names and businesses 81.210
Purpose of business may be changed 81.220
General powers. 81.230
Bylaws: Adoption 81.240
Bylaws: Required and optional provisions concerning profits. 81.250
Recording and maintaining of bylaws and amendments. 81.260
Association’s property subject to execution 81.270
Succession to membership: Nomination and transfer on death.

Last Updated

Feb. 5, 2021

§ 81.240’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_81.240

Original Source: Section 81.240 — Bylaws: Required and optional provisions concerning profits., https://www.leg.state.nv.us/NRS/NRS-081.html#NRS081Sec240 (last accessed Feb. 5, 2021).

NRS 81.240 Bylaws: Required and optional provisions concerning profits.

1.

2.

NRS 81.240
Bylaws: Required and optional provisions concerning profits.