2011 Nevada Revised Statutes
Chapter 670 - Development Corporations
NRS 670.120 - First meeting of corporation: Notice; duties of incorporators; quorum.
1. The first meeting of the corporation shall be called by a notice signed by three or more of the incorporators, stating the time, place and purpose of the meeting, a copy of which notice shall be mailed or delivered to each incorporator at least 5 days before the day appointed for the meeting. The first meeting may be held without such notice upon agreement in writing to that effect, signed by all the incorporators. There shall be recorded in the minutes of the meeting a copy of the notice or of such unanimous agreement of the incorporators.
2. At the first meeting, the incorporators shall elect a temporary clerk, adopt bylaws, elect a board of directors and take such other action upon matters within the powers of the corporation as the incorporators may see fit. The temporary clerk shall be sworn and shall make and attest a record of the proceedings.
3. A majority and not less than three of the incorporators shall be a quorum for the transaction of business.
(Added to NRS by 1975, 1826)
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