Nev. Rev. Stat. § 81.240
This is the official text of Nev. Rev. Stat. § 81.240, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Bylaws: Required and optional provisions concerning profits
Official statutory text
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.
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.
Status: in_force · Read it on the official government site
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