Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES |
CHAPTER78. Private Corporations |
INSOLVENCY; RECEIVERS AND TRUSTEES |
NRS78.715. Acts of majority of receivers effectual; removal and vacancies.
Latest version.
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1. Every matter and thing by this chapter required to be done by receivers or trustees shall be good and effectual, to all intents and purposes, if performed by a majority of them.
2. The district court may remove any receiver or trustee and appoint another or others in his or her place to fill any vacancy which may occur.
[63:177:1925; NCL § 1662]