NRS 81.410 Formation; applicable law.

Nonprofit cooperative corporations may be formed by the voluntary association of any three or more persons in the manner prescribed in NRS 81.410 to 81.540, inclusive.

Except as otherwise provided in subsection 3, the provisions of chapter 82 of NRS govern a nonprofit cooperative corporation organized puruant to NRS 81.410 to 81.540, inclusive, except to the extent that the provisions of chapter 82 of NRS are inconsistent with NRS 81.410 to 81.540 inclusive.

NRS 82.081 and 82.136 do not apply to a nonprofit cooperative corporation organized pursuant to NRS 81.410 to 81.540, inclusive.
[1:395;1955]-(NRS A 1969,95; 1991, 1251)

NRS 81.420 No capital stock; not to be carried on for profit.
The corporation shall not have a capital stock, and its business shall not be carried on for profit.
[Part 2:395;1955]