NRS673.620. Majority approval of resolution at stockholders’ meeting required; filing of minutes with Commissioner.

      1.  At a meeting of the stockholders held as provided in NRS 673.610, the stockholders may, by the affirmative vote of the majority of the stockholders present, in person or by proxy, declare by resolution the determination to convert the state company, association or corporation into a federal savings and loan association.

      2.  A copy of the minutes of the meeting, verified by the affidavit of the president or vice president and the secretary of the meeting, must be filed in the Office of the Commissioner within 10 days after the date of the meeting. The sworn copy of the proceedings of the meeting, when so filed, is presumptive evidence of the holding and the action of the meeting.

      [Part 1:60:1935; 1931 NCL § 973.01]—(NRS A 1961, 779; 1977, 504; 1983, 1804; 1987, 1986)