Nev. Rev. Stat. § 645F.780
Corporate governance: Establishment of board of directors or similar body
Nevada · Nevada Revised Statutes Chapter 645F — Mortgage Lending and Related Professions · Status: effective
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- Citation
- Nev. Rev. Stat. § 645F.780, Corporate governance: Establishment of board of directors or similar body, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2141968
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Full text
1. Except as otherwise provided in subsection 2, a covered institution shall establish and maintain a board of directors.
2. A covered institution may establish a body similar to a board of directors to perform the duties imposed by NRS 645F.790 if:
(a) The covered institution is not approved by an agency to service loans; or
(b) An agency has granted the covered institution approval to establish an alternative to a board of directors.