2010 Nevada Code
TITLE 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES
Chapter 81 Miscellaneous Organizations
NRS 81.860 Reimbursement; indemnification; advancement of expenses.
NRS 81.860 Reimbursement; indemnification; advancement of expenses.
1. Except as otherwise provided in the governing principles, an unincorporated nonprofit association shall reimburse a member or manager for authorized expenses reasonably incurred in the course of the member's or manager's activities on behalf of the association.
2. An unincorporated nonprofit association may indemnify a member or manager for any debt, obligation or other liability incurred in the course of the member's or manager's activities on behalf of the association if the member or manager seeking indemnification has complied with NRS 81.815 and 81.840.
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