There is a newer version of the Nevada Revised Statutes
2011 Nevada Revised Statutes
Chapter 81 - Miscellaneous Organizations
NRS 81.240 - Bylaws: Required and optional provisions concerning profits.
NV Rev Stat § 81.240 (2011) What's This?
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.
[8:60:1901; RL 1256; NCL 1591]
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