reglab/housing_qa huggingface dataset:
NV Rev Stat § 81.850 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.850 - Right of member or manager to information.

  1. On reasonable notice, a member or manager of an unincorporated nonprofit association may inspect and copy during the regular operating hours of the unincorporated nonprofit association, at a reasonable location specified by the association, any record maintained by the association regarding its activities, financial condition and other circumstances, to the extent the information is material to the member’s or manager’s rights and duties under the governing principles.  2. An unincorporated nonprofit association may impose reasonable restrictions on access to and use of information to be furnished under this section, including designating the information confidential and imposing obligations of nondisclosure and safeguarding on the recipient.  3. An unincorporated nonprofit association may charge a person that makes a demand under this section reasonable copying costs, limited to the costs of labor and materials.  4. A former member or manager is entitled to information to which the member or manager was entitled while a member or manager if the information pertains to the period during which the person was a member or manager, the former member or manager seeks the information in good faith and the former member or manager satisfies subsections 1, 2 and 3.  (Added to NRS by 2009, 697)
NV Rev Stat § 81.855 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.855 - Distributions prohibited; compensation and other permitted payments.

  1. Except as otherwise provided in subsection 2, an unincorporated nonprofit association may not pay dividends or make distributions to a member or manager.  2. An unincorporated nonprofit association may:  (a) Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;  (b) Confer benefits on a member or manager in conformity with its nonprofit purposes;  (c) Repurchase a membership and repay a capital contribution made by a member to the extent authorized by its governing principles; or  (d) Make distributions of property to members upon winding up and termination to the extent permitted by NRS 81.870.  (Added to NRS by 2009, 698)
NV Rev Stat § 81.860 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.860 - Reimbursement; indemnification; advancement of expenses.

  1. Except as otherwise provided in the governing principles, an unincorporated nonprofit association shall reimburse a member or manager for authorized expenses reasonably incurred in the course of the member’s or manager’s activities on behalf of the association.  2. An unincorporated nonprofit association may indemnify a member or manager for any debt, obligation or other liability incurred in the course of the member’s or manager’s activities on behalf of the association if the member or manager seeking indemnification has complied with NRS 81.815 and 81.840. Governing principles in a record may broaden or limit indemnification.  3. If a person is made or threatened to be made a party in an action based on that person’s activities on behalf of an unincorporated nonprofit association and the person makes a request in a record to the association, a majority of the disinterested managers may approve in a record advance payment or reimbursement by the association of all or a part of the reasonable expenses, including attorney’s fees and costs, incurred by the person before the final disposition of the proceeding. To be entitled to an advance payment or reimbursement, the person must state in a record that the person has a good faith belief that the criteria for indemnification in subsection 2 have been satisfied and that the person will repay the amounts advanced or reimbursed if the criteria for payment have not been satisfied. The governing principles in a record may broaden or limit the advance payments or reimbursements.  4. An unincorporated nonprofit association may purchase insurance on behalf of a member or manager for liability asserted against or incurred by the member or manager in the capacity of a member or manager, whether or not the association has authority under the provisions of NRS 81.700 to 81.890, inclusive, to reimburse, indemnify or advance expenses to the member or manager against the liability.  5. The rights of reimbursement, indemnification and advancement of expenses under this section apply to a former member or manager for an activity undertaken on behalf of the unincorporated nonprofit association while a member or manager.  (Added to NRS by 2009, 698)
NV Rev Stat § 81.865 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.865 - Dissolution.

  1. An unincorporated nonprofit association may be dissolved as follows:  (a) If the governing principles provide a time or method for dissolution, at that time or by that method;  (b) If the governing principles do not provide a time or method for dissolution, upon approval by the members;  (c) If no member can be located and the association’s operations have been discontinued for at least 3 years, by the managers or, if the association has no current manager, by its last manager;  (d) By court order; or  (e) Under law other than NRS 81.700 to 81.890, inclusive.  2. After dissolution, an unincorporated nonprofit association continues in existence until its activities have been wound up and it is terminated pursuant to NRS 81.870.  (Added to NRS by 2009, 699)
NV Rev Stat § 81.870 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.870 - Winding up and termination.

Winding up and termination of an unincorporated nonprofit association must proceed in accordance with the following rules:  1. All known debts and liabilities must be paid or adequately provided for.  2. Any property subject to a condition requiring return to the person designated by the donor must be transferred to that person.  3. Any property subject to a trust must be distributed in accordance with the trust agreement.  4. Any remaining property must be distributed as follows:  (a) As required by law other than NRS 81.700 to 81.890, inclusive, that requires assets of an association to be distributed to another person with similar nonprofit purposes;  (b) In accordance with the association’s governing principles or, in the absence of applicable governing principles, to the members of the association per capita or as the members direct; or  (c) If neither paragraph (a) nor (b) applies, pursuant to chapter 120A of NRS.  (Added to NRS by 2009, 699)
NV Rev Stat § 81.880 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.880 - Transition concerning real and personal property.

  1. If, before October 1, 2009, an interest in property was, by terms of a transfer, purportedly transferred to an unincorporated nonprofit association, but under the laws of this State, the interest did not vest in the association, or in one or more persons on behalf of the association under subsection 2, on October 1, 2009, the interest vests in the association, unless the parties to the transfer have treated the transfer as ineffective.  2. If, before October 1, 2009, an interest in property was, by terms of a transfer, purportedly transferred to an unincorporated nonprofit association, but the interest was vested in one or more persons to hold the interest for members of the association, on or after October 1, 2009, the persons, or their successors in interest, may transfer the interest to the association in its name, or the association may require that the interest be transferred to it in its name.  (Added to NRS by 2009, 701)
NV Rev Stat § 81.885 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.885 - Uniformity of application and construction.

In applying and construing the provisions of NRS 81.700 to 81.890, inclusive, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.  (Added to NRS by 2009, 701)
NV Rev Stat § 81.890 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.890 - Relations to Electronic Signatures in Global and National Commerce Act.

The provisions of NRS 81.700 to 81.890, inclusive, modify, limit and supersede the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. §§ 7001 et seq., but do not modify, limit or supersede Section 101(c) of that Act, 15 U.S.C. § 7001(c), or authorize electronic delivery of any of the notices described in Section 103(b) of that Act, 15 U.S.C. § 7003(b).  (Added to NRS by 2009, 701)
NV Rev Stat § 81.901 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.901 - Definitions.

As used in NRS 81.901 to 81.959, inclusive, unless the context otherwise requires, the words and terms defined in NRS 81.903 to 81.915, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.903 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.903 - "Member" defined.

Member means a natural person who:  1. Has been accepted for membership in a worker cooperative; and  2. Owns a membership share issued by a worker cooperative.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.905 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.905 - "Membership share" defined.

Membership share means a single class of stock that has unlimited voting rights issued by a worker cooperative to a member.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.907 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.907 - "Patronage" defined.

Patronage means the amount of work performed by a member measured in accordance with the articles of incorporation and bylaws of a worker cooperative.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.909 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.909 - "Patronage dividend" defined.

Patronage dividend means a dividend or distribution of net income made on the basis of patronage.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.911 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.911 - "Quorum" defined.

Quorum means a simple majority of the members.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.913 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.913 - "Worker cooperative" defined.

Worker cooperative means a corporation which has elected to be governed by the provisions of NRS 81.901 to 81.959, inclusive.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.915 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.915 - "Written notice of allocation" defined.

Written notice of allocation means a written instrument which discloses to a member the stated dollar amount of his or her patronage dividend and the terms for payment of that amount by a worker cooperative to the member.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.917 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.917 - Legislative findings and declarations.

The Legislature hereby finds and declares that a worker cooperative:  1. Has the purpose of creating and maintaining sustainable jobs and generating wealth.  2. Is essential to:  (a) Improving the quality of life of the members of the worker cooperative;  (b) Dignifying human work;  (c) Allowing democratic self-management of employees; and  (d) Promoting community and local development in this State.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.919 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.919 - Election of corporation to be governed as worker cooperative; applicable law.

  1. A corporation formed pursuant to chapter 78 of NRS may elect to be governed as a worker cooperative under the provisions of NRS 81.901 to 81.959, inclusive, and such an election must be stated in the articles of incorporation of the corporation or in an amendment to the articles of incorporation of the corporation filed pursuant to chapter 78 of NRS.  2. The provisions of chapter 78 of NRS govern a worker cooperative established pursuant to NRS 81.901 to 81.959, inclusive, except to the extent that the provisions of chapter 78 of NRS are inconsistent with NRS 81.901 to 81.959, inclusive.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.921 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.921 - Apportionment and distribution of net earnings and losses.

  1. The net earnings and losses of a worker cooperative must be apportioned and distributed at the time and in the manner specified by the articles of incorporation or bylaws of the worker cooperative.  2. Any net earnings declared as patronage dividends and paid to members must be apportioned among the members in the proportion of the patronage of each member during a given period of time to the total patronage by all members during that period of time.  3. The apportionment, distribution and payment of net earnings pursuant to this section may be in cash, credits, written notices of allocation or corporate shares issued by the worker cooperative.  (Added to NRS by 2019, 912)
NV Rev Stat § 81.923 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.923 - Use of internal capital and collective reserve accounts; redemption of corporate shares and written notices of allocation; recall and redemption of membership shares.

The articles of incorporation or bylaws of a worker cooperative may:  1. Establish a system of internal capital accounts to reflect the book value of the worker cooperative and to determine the redemption price of membership shares, corporate shares and written notices of allocation.  2. Permit the periodic redemption of written notices of allocation and corporate shares and may provide for recall and redemption of membership shares upon termination of membership in the worker cooperative unless the redemption would result in the liability of a director of the worker cooperative.  3. Authorize the worker cooperative to pay or credit interest on the balance of the internal capital account of each member.  4. Authorize the assignment of a portion of retained net earnings and net losses to a collective reserve account. Such assigned earnings may be used for any corporate purpose determined by the board of directors of the worker cooperative.  (Added to NRS by 2019, 912)
NV Rev Stat § 81.925 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.925 - Reserve accounts; allocation of indivisible reserve account upon dissolution or sale.

  1. A worker cooperative may use:  (a) A divisible reserve account; or  (b) An indivisible reserve account.  2. An account used pursuant to subsection 1 may be used to pay the expenses of a worker cooperative, including, without limitation, wages.  3. Upon the dissolution or sale of a worker cooperative, an indivisible reserve account of the worker cooperative must be allocated to an indivisible reserve account of another worker cooperative or nonprofit corporation.  (Added to NRS by 2019, 912)
NV Rev Stat § 81.927 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.927 - Authority to operate as internal capital account cooperative; accounts.

  1. The articles of incorporation or bylaws of a worker cooperative may establish the worker cooperative as an internal capital account cooperative.  2. Each member of an internal capital account cooperative shall have one vote.  3. An internal capital account cooperative shall:  (a) Credit the membership fee and additional capital paid by a member to the internal capital account of that member; and  (b) Record the apportionment of retained net earnings or losses to the members in accordance with patronage by appropriately crediting or debiting the internal capital account of each member.  4. The capital reserve account in an internal capital account cooperative must reflect any capital, net losses and retained net earning not allocated to individual members.  5. The balances in every internal capital account and collective reserve account, if applicable, must be adjusted at the end of each accounting period so that the sum of the balances is equal to the net book value of the worker cooperative.  6. As used in this section, "internal capital account cooperative" means a worker cooperative whose entire net book value is reflected in internal capital accounts, one for each member, and a collective reserve account.  (Added to NRS by 2019, 913)
NV Rev Stat § 81.929 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.929 - Membership: Establishment of qualifications and method of acceptance, expulsion, termination and suspension; composition of members; effect of leave of absence; rights and responsibilities of members.

  1. The articles of incorporation or bylaws of a worker cooperative must establish:  (a) The qualifications for membership, including, without limitation, that a member must be employed by the worker cooperative on a full- or part-time basis; and  (b) The method of acceptance, expulsion, termination and suspension of members.  2. At least 51 percent of the members of a worker cooperative must be employees of the worker cooperative.  3. An authorized and voluntary leave of absence from a worker cooperative by a member of the worker cooperative must not revoke the membership status of the member.  4. Members shall have all the rights and responsibilities of a stockholder of a corporation pursuant to chapter 78 of NRS.  (Added to NRS by 2019, 907)
NV Rev Stat § 81.931 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.931 - Board of directors: Composition; annual meeting with members; authority of members to override decisions; considerations when exercising powers.

  1. A majority of the directors on the board of directors of a worker cooperative must be members.  2. The board of directors shall meet with the members not less than annually.  3. A majority vote of the members shall override any decision by the board of directors, unless the articles of incorporation or bylaws of the worker cooperative require a larger percentage of the vote to override such a decision.  4. A meeting in which the members will vote whether to override a decision of the board of directors must be called by at least 5 percent of the members.  5. The board of directors of a worker cooperative, in exercising their respective powers with a view of the interests of the worker cooperative, may:  (a) Consider all relevant facts, circumstances, contingencies or constituencies, including, without limitation:  (1) The interests of the members, employees, suppliers, creditors and customers of the worker cooperative;  (2) The economy of this State or the nation;  (3) The interests of the community or society;  (4) The local and global environment;  (5) The long-term and short-term interests of the worker cooperative, including, without limitation, the possibility that such interests may be best served by control of the worker cooperative remaining unchanged; and  (6) The long-term and short-term interests of the members and shareholders, as applicable, of the worker cooperative.  (b) Consider or assign weight to the interests of any particular person or group, or to any other relevant facts, circumstances, contingencies or constituencies.  (Added to NRS by 2019, 908)
NV Rev Stat § 81.933 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.933 - Membership shares; voting power of shares other than membership shares.

  1. Each member shall own one membership share, and only members may own such shares.  2. Membership shares:  (a) Must be issued for a fee determined by the board of directors of the worker cooperative.  (b) Must not be considered a security.  3. Except as otherwise provided in subsection 4:  (a) No shares of the corporation other than membership shares may be given voting power in a worker cooperative.  (b) The power to amend or repeal the bylaws of a worker cooperative may only be given to the members.  4. An amendment that adversely affects the rights of the holders of corporate shares other than membership shares may not be adopted without the vote of such shareholders pursuant to chapter 78 of NRS.  (Added to NRS by 2019, 908)
NV Rev Stat § 81.935 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.935 - Procedure for expulsion, termination or suspension of member.

  1. An expulsion, termination or suspension of a member which deviates from the procedural requirements of this section is void and without effect.  2. An expulsion, termination or suspension of a member must be performed in good faith and in a fair and reasonable manner.   3. A procedure for the expulsion, termination or suspension of a member is fair and reasonable if such a procedure is set forth in the articles of incorporation or bylaws of a worker cooperative and the procedure:  (a) Provides 15 days’ notice of the expulsion, termination or suspension and such notice includes, without limitation, a reason for the expulsion, termination or suspension; and  (b) Gives the member an opportunity to be heard, orally or in writing, before a person or body authorized to make such a decision regarding the expulsion, termination or suspension not less than 5 days before the effective date of the expulsion, termination or suspension.  4. A court may determine that a procedure for the expulsion, termination or suspension of a member was fair and reasonable pursuant to subsection 2.  5. The notice pursuant to subsection 3 must be reasonably calculated to provide actual notice to a member. The notice may be served by first-class or registered mail sent to the last known address of the member as shown in the records of the worker cooperative.  6. A member who is expelled, terminated or suspended is liable for any services or benefits actually rendered, dues, assessments, fees or charges incurred before his or her expulsion, termination or suspension.  (Added to NRS by 2019, 909)
NV Rev Stat § 81.937 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.937 - Action challenging expulsion, termination or suspension of member.

  1. An action challenging an expulsion, termination or suspension of a member, including, without limitation, a claim alleging defective notice, pursuant to NRS 81.935 must be commenced within 1 year after the date of the expulsion, termination or suspension.  2. If a member is successful in his or her claim pursuant to subsection 1, a court may order any relief, including, without limitation, the reinstatement of a membership.  3. Unless a court finds that the member was expelled, terminated or suspended in bad faith in order to affect the outcome of a vote, a decision made by a vote of the members or the board of directors of a workers cooperative must not be set aside because a member was successful in his or her claim pursuant to subsection 1.  (Added to NRS by 2019, 909)