Nev. Rev. Stat. § 672.420

Officers: Election; designation; bonds; terms; duties

Nevada · Nevada Revised Statutes Chapter 672 — Credit Unions · Status: effective

Cite this

Citation: Nev. Rev. Stat. § 672.420, Officers: Election; designation; bonds; terms; duties, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2144258
Permanent ID: ys:prov:2144258@1
SHA-256: ca007dc94fcf4197e078723cdf4fa23c8e4f9edc8b0b934cea2fb58cf9b936ca

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

1. At the organizational meeting and within 30 days following each annual meeting, the directors shall elect, from their own number, the executive officers of the corporation. The officers must be designated as: (a) Chair of the board; (b) Vice chair of the board; (c) Treasurer; and (d) Secretary. Ê The treasurer and secretary may be the same person. 2. The treasurer or general manager shall give a fidelity bond with good and sufficient surety in an amount and character to be determined by the board in compliance with regulations prescribed by the Commissioner. 3. Each officer shall serve a term of 1 year or until such time as successors are chosen and have qualified. 4. The duties of each office must be as prescribed in the bylaws of the credit union.