Nevada Code § 81.080

Bylaws: Adoption; amendment; effectiveness
Open in Lexace · Ask the AI about this section
1. Each corporation incorporated under NRS 81.010 to 81.160 , inclusive, must, within 1 month
after filing articles of incorporation, adopt a code of bylaws for its
government and management not inconsistent with the provisions of NRS 81.010 to 81.160 , inclusive. A majority vote of the
members or directors, or the written assent of such members or directors
representing a majority of the votes, is necessary to adopt such bylaws.
2. The power to make additional bylaws and
to alter the bylaws:
(a) If the bylaws were adopted by the members
under the provisions of subsection 1, must remain in the members, but any
corporation may, in its articles of incorporation, original or amended, or by
resolution adopted by a majority vote, or by written consent of two-thirds of
the members, confer that power upon the directors. Bylaws made by the directors
under power so conferred may be altered by the directors or by the members.
(b) If the bylaws were adopted by the directors
under the provisions of subsection 1, must remain in the directors, but any
corporation may, in its articles of incorporation, original or amended, or by
resolution adopted by a majority vote of the directors, or by written consent
of two-thirds of the directors, confer that power upon the members. Bylaws made
by the members under power so conferred may be altered by the directors or by
the members.
3. The written consent of the owners of
two-thirds of the stock or of two-thirds of the members shall suffice to adopt
bylaws in addition to those adopted under the provisions of subsection 1, and
to amend or repeal any bylaw.
4. All bylaws in force must be copied
legibly in a book called the Book of Bylaws, kept at all times for inspection
in the principal office. Until so copied, they shall not be effective or in
force.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.