reglab/housing_qa huggingface dataset:
NV Rev Stat § 81.220 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.220 - General powers.

Every association formed under NRS 81.170 to 81.270, inclusive, may:  1. Sue and be sued in any court in its associate name.  2. Make and use a common seal and alter it at pleasure, but the use or nonuse of such a seal does not affect the legality of any record.  3. Receive by gift, devise or purchase, hold and convey, real and personal property as the purposes of the association may require.  4. Appoint such subordinate agents or officers as the business may require.  5. Admit associates or members, and sell or forfeit their interest in the association for default of installments, dues, work or labor required, as provided by the bylaws.  6. Enter into any and all lawful contracts or obligations essential to the transaction of its affairs, for the purpose for which it was formed.  7. Borrow money.  8. Issue all such notes, bills or evidence of indebtedness or mortgage as its bylaws may provide for.  9. Trade, barter, buy, sell and exchange.  10. Do all other things proper to be done for the purpose of carrying into effect the objects for which the association is formed.  [9:60:1901; RL § 1257; NCL § 1592] — (NRS A 1971, 1106; 1991, 1249; 2003, 3119)
NV Rev Stat § 81.240 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.240 - Bylaws: Required and optional provisions concerning profits.

  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.  [8:60:1901; RL § 1256; NCL § 1591]
NV Rev Stat § 81.250 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.250 - Recording and maintaining of bylaws and amendments.

The bylaws and all amendments must be recorded in a book and kept in the office of the association.  [5:60:1901; A 1941, 326; 1931 NCL § 1588] — (NRS A 1991, 1251)
NV Rev Stat § 81.260 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.260 - Association’s property subject to execution; member’s interest sold upon execution; rights of purchaser.

  1. The property of the association shall be subject to judgment and execution for the lawful debts of the association.  2. The interest of a member in the association, if sold upon execution, or any judicial or governmental order whatever, cannot authorize the purchaser to have any right, except to succeed, as a member in the association, with the consent of the directors, to the rights of the member whose interest is thus sold. If the directors shall choose to pay or settle the matter, as provided in case of refused members, after such sale, they may either cancel the membership, and add the interest thus sold to the assets or common property of the association, or reissue the share or right to a new member upon proper payment therefor, as the directors may determine.  [6:60:1901; RL § 1254; NCL § 1589]
NV Rev Stat § 81.270 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.270 - Succession to membership: Nomination and transfer on death.

  1. Any member may, upon or after becoming a member, nominate upon his or her application, or otherwise file with the secretary of any association incorporated under NRS 81.170 to 81.270, inclusive, of which he or she is a member, the person whom the member desires to succeed to his or her membership and interests in the association upon his or her death.  2. Upon proof of the member’s death being made, according to the bylaws and to the satisfaction of the association’s board of directors, the secretary shall transfer the deceased member’s membership and interests in the cooperative association to the person or persons so nominated, with the consent of the board of directors, without letters of administration.  3. If the board of directors do not consent to the nominee’s becoming a member, then the association shall, within 90 days after proof, pay the nominee the amount which the deceased member has paid on the membership, together with the amount of his or her other interests in the association.  [11:60:1901; RL § 1259; NCL § 1594] — (NRS A 1991, 1251)
NV Rev Stat § 81.410 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.410 - Formation; applicable law.

  1. 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.  2. Except as otherwise provided in subsection 3, the provisions of chapter 82 of NRS govern a nonprofit cooperative corporation organized pursuant 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.  3. 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; 2005, 1024, 2256, 2626)
NV Rev Stat § 81.420 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|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]
NV Rev Stat § 81.430 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.430 - Memberships: Certificates; transfer and assignment.

  1. Any person or any number of persons, including and in addition to the original incorporators, may become members of the corporation upon such terms and conditions as to membership, and subject to such rules and regulations as to their, and each of their, contract and other rights and liabilities between it and the member, as the corporation shall prescribe in its bylaws.  2. The corporation shall issue a certificate of membership to each member, but the membership or the certificate thereof shall not, except as provided in NRS 81.410 to 81.540, inclusive, be assigned by any member to any other person, nor shall the assigns thereof be entitled to membership in the corporation, or to any property rights or interest therein.  3. The board of directors may, however, by motion duly adopted by it, consent to such assignment or transfer, and to the acceptance of the assignee or transferee as a member of the corporation.  4. The corporation shall also have the right, by its bylaws, to provide for or against the transfer of membership and for or against the assignment of membership certificates, and also the terms and conditions upon which any such transfer or assignment shall be allowed.  [Part 2:395:1955]
NV Rev Stat § 81.440 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.440 - Articles of incorporation: Required provisions.

Each corporation formed under NRS 81.410 to 81.540, inclusive, shall prepare and file articles of incorporation in writing, setting forth:  1. The name of the corporation.  2. The purpose for which it is formed.  3. The information required pursuant to NRS 77.310.  4. The term for which it is to exist, which may be perpetual.  5. The number of directors thereof, which must be not less than three and which may be any number in excess thereof, and the names and residences of those selected for the first year and until their successors have been elected and have accepted office.  6. Whether the voting power and the property rights and interest of each member are equal or unequal, and if unequal the articles must set forth a general rule applicable to all members by which the voting power and the property rights and interests of each member may be determined, but the corporation may admit new members who may vote and share in the property of the corporation with the old members, in accordance with the general rule.  7. The name and mailing or street address, either residence or business, of each of the incorporators signing the articles of incorporation.  [Part 3:395:1955] — (NRS A 1985, 34; 1991, 1252; 1993, 989; 1995, 2104; 2003, 3120; 2007, 2657)
NV Rev Stat § 81.445 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.445 - Articles of incorporation: Prohibited names and businesses; certification required before filing of certain articles or amendments; defaulting corporations.

  1. The Secretary of State shall not accept for filing any articles of incorporation or any certificate of amendment of articles of incorporation of any corporation formed under the provisions of NRS 81.410 to 81.540, inclusive, which provides that the name of the corporation contains the words "common-interest community," "community association," "master association," "unit-owners’ association" or "homeowners’ association" or if it appears in the articles of incorporation or certificate of amendment of articles of incorporation that the purpose of the corporation is to operate as a unit-owners’ association pursuant to chapter 116 or 116B of NRS unless the Administrator of the Real Estate Division of the Department of Business and Industry certifies that the corporation has:  (a) Registered with the Ombudsman for Owners in Common-Interest Communities and Condominium Hotels pursuant to NRS 116.31158 or 116B.625; and  (b) Paid to the Administrator of the Real Estate Division the fees required pursuant to NRS 116.31155 or 116B.620.  2. Upon notification from the Administrator of the Real Estate Division of the Department of Business and Industry that a corporation which is a unit-owners’ association as defined in NRS 116.011 or 116B.030 has failed to register pursuant to NRS 116.31158 or 116B.625 or failed to pay the fees pursuant to NRS 116.31155 or 116B.620, the Secretary of State shall deem the corporation to be in default. If, after the corporation is deemed to be in default, the Administrator notifies the Secretary of State that the corporation has registered pursuant to NRS 116.31158 or 116B.625 and paid the fees pursuant to NRS 116.31155 or 116B.620, the Secretary of State shall reinstate the corporation if the corporation complies with the requirements for reinstatement as provided in this section and NRS 78.180 and 78.185 and pays the fees required pursuant to NRS 82.193.  (Added to NRS by 2005, 2254, 2625; A 2007, 2282)
NV Rev Stat § 81.450 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.450 - Articles of incorporation: Filing requirements; acceptable evidence of incorporation.

  1. The articles of incorporation must be:  (a) Signed by three or more of the original members, a majority of whom must be residents of this State.  (b) Filed in the Office of the Secretary of State in all respects in the same manner as other articles of incorporation are filed.  2. The Secretary of State shall issue to the corporation over the Great Seal of the State a certificate that a copy of the articles containing the required statements of facts has been filed in the Office of the Secretary of State.  3. Upon the issuance of the certificate by the Secretary of State the persons signing the articles and their associates and successors are a body politic and corporate. When so filed, the articles of incorporation or certified copies thereof must be received in all the courts of this State, and other places, as prima facie evidence of the facts contained therein.  [Part 3:395:1955] — (NRS A 1965, 604; 1991, 1252; 1993, 989; 1999, 1601; 2003, 3121; 2007, 2658)
NV Rev Stat § 81.470 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.470 - Bylaws: Adoption; amendment; effectiveness.

  1. Each corporation incorporated under NRS 81.410 to 81.540, inclusive, must, within 1 month after filing articles of incorporation, adopt a code of bylaws for its government and management not inconsistent with the provisions of NRS 81.410 to 81.540, inclusive. A majority vote of the members, or the written assent of members representing a majority of the votes, is necessary to adopt such bylaws.  2. The power to make additional bylaws and to alter the bylaws adopted under the provisions of subsection 1 shall be in the members, but any corporation may, in its articles of incorporation, original or amended, or by resolution adopted by a majority vote, or by written consent of a majority of the members, confer that power upon the directors. Bylaws made by the directors under power so conferred, may be altered by the directors or by the members. The written consent of a majority of the members suffices to adopt bylaws in addition to those adopted under the provisions of subsection 1, and to amend or repeal any bylaw.  3. All bylaws in force must be copied legibly in a book called the Book of Bylaws, kept at all times for inspection in the principal office. Until so copied, they shall not be effective or in force.  [Part 4:395:1955] — (NRS A 1977, 656)
NV Rev Stat § 81.480 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.480 - Bylaws: Optional provisions.

Each corporation organized under NRS 81.410 to 81.540, inclusive, may also, by its bylaws, provide for the following matters:  1. The manner of removal of any one or more of its directors.  2. The manner of filling any and all vacancies of the board of directors.  3. The conditions upon which and the time when membership of any member in the corporation shall cease; the mode, manner and effect of expulsion of a member, subject to the right of the expelled member to have the board of directors equitably appraise his or her property interests in the corporation and to fix the amount thereof in money, and to have the money paid to him or her within 60 days after such expulsion.  4. The amount of membership fee, if any.  5. The amount which each member shall be required to pay annually, or from time to time, if at all, to carry on the business of the corporation.  6. The compensation, if any, to be paid by each member for any services rendered by the corporation to the member, and the time of payment and the manner of collecting the same, and may provide for forfeiture of the interest of the member in the corporation for nonpayment of the same.  7. The number and qualifications of members of the corporation.  8. The conditions precedent to membership.  9. The method, time and manner of permitting members to withdraw.  10. The assignment and transfer of the interest of members, and the manner of determining the value of such interest and providing for the purchase of such interest by the corporation upon the death, withdrawal or expulsion of a member or upon the forfeiture of a member’s membership, at the option of the corporation.  [Part 4:395:1955]
NV Rev Stat § 81.490 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.490 - Bylaws: Provisions for unequal voting power.

If the bylaws shall provide for unequal voting power, or unequal property rights of the several members, or both, the provisions of NRS 81.410 to 81.540, inclusive, with reference to a majority, a two-thirds or other vote of the members, shall not apply, and, in lieu thereof, there shall be substituted a majority of the votes of the interests represented by the several members or otherwise as the case may be.  [9:395:1955]
NV Rev Stat § 81.500 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.500 - General powers.

  1. Each corporation incorporated under NRS 81.410 to 81.540, inclusive, has the powers granted by the provisions of other laws of Nevada relating to private corporations which are not inconsistent with those granted by NRS 81.410 to 81.540, inclusive.  2. In addition to the powers granted in subsection 1, each corporation has the following powers:  (a) To appoint such agents and officers as its business may require, and such appointed agents may be either natural persons or corporations.  (b) To admit natural persons and corporations to membership in the corporation.  (c) To expel any member pursuant to the provisions of its bylaws.  (d) To forfeit the membership of any member for violation of any agreement between the member and the corporation or for the member’s violation of its bylaws.  (e) To purchase, lease, or otherwise acquire, hold, own and enjoy, sell, lease, mortgage and otherwise encumber and dispose of any and all and every kind of real and personal property, except as otherwise provided in NRS 81.505.  (f) To carry on any and all operations necessary or convenient in connection with the transaction of any of its business.  [Part 5:395:1955] — (NRS A 1987, 770)
NV Rev Stat § 81.505 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.505 - Restriction on power of rural electric cooperatives to sell, lease or dispose of assets.

  1. A rural electric cooperative formed or consolidated pursuant to NRS 81.410 to 81.540, inclusive, may sell, lease or otherwise dispose of all or a substantial portion of its assets only if the sale, lease or disposition is:  (a) Authorized by the affirmative vote of not less than three-fourths of the directors of the cooperative; and  (b) Assented to by two-thirds of the members of the cooperative:  (1) In writing; or  (2) By a vote of the members at a meeting, notice of which has been given in the manner provided in NRS 82.336.  2. As used in this section, "substantial portion of its assets" means any portion of the assets of a cooperative representing 25 percent or more of the total book value of all of its assets.  (Added to NRS by 1987, 770; A 1989, 528; 1991, 1252)
NV Rev Stat § 81.507 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.507 - Reversion of unclaimed capital credit to electric cooperative under certain circumstances.

  1. Any capital credit distributed to a member by an electric cooperative formed under NRS 81.410 to 81.540, inclusive, which remains unclaimed for 1 year after the date authorized for distribution reverts to the cooperative and is not subject to the provisions of chapter 120A of NRS if:  (a) Not more than 6 months after the date the capital credit was authorized for distribution, the cooperative gives notice to the member that the capital credit is available; and  (b) The member fails to respond to such notice within 30 days after receipt of the notification.   2. The notice pursuant to subsection 1 must be sent by mail to the last known address of the member, as it appears in the records of the cooperative.  3. As used in this section, "capital credit" means money which is credited to the capital account of a member of a cooperative after deducting the member’s pro rata share of the operating costs of the cooperative from the amount paid by the member for electric service.  (Added to NRS by 2005, 1023)
NV Rev Stat § 81.510 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.510 - Agreements for unified action by cooperative corporations.

Any two or more cooperative corporations organized under NRS 81.410 to 81.540, inclusive, upon resolutions adopted by their respective boards of directors, may, for the purpose of more economically carrying out their respective businesses, by agreement, unite in adopting, employing and using, or several such corporations may separately adopt, employ and use, the same methods, policy, means, agents, agencies and terms of marketing for carrying on and conducting their respective businesses.  [Part 5:395:1955] — (NRS A 1965, 605; 1989, 528; 1991, 1253)
NV Rev Stat § 81.540 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.540 - Applicability and effect of NRS 81.410 to 81.540, inclusive.

  1. The provisions of NRS 81.410 to 81.540, inclusive, are not applicable to railroads, telegraph, telephone, banking, insurance, building and loan, or any other corporation, unless the special provisions of NRS 81.410 to 81.540, inclusive, applicable thereto are complied with.  2. NRS 81.410 to 81.540, inclusive, do not amend or repeal any of the provisions of NRS 81.010 to 81.160, inclusive, or 81.170 to 81.270, inclusive.  [8:395:1955] + [10:395:1955] — (NRS A 1991, 1254; 2005, 1024)
NV Rev Stat § 81.550 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.550 - Short title.

NRS 81.550 to 81.660, inclusive, may be cited as the Charitable Organization Act.  (Added to NRS by 1971, 631; A 1991, 1254)
NV Rev Stat § 81.560 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.560 - Declaration of policy.

The Legislature hereby declares that the policy of the State is to maximize the funds available for charitable purposes by minimizing, to the greatest extent practicable, the imposition of federal income and excise taxes upon assets otherwise available for charitable purposes.  (Added to NRS by 1971, 631)
NV Rev Stat § 81.570 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.570 - References to Internal Revenue Code.

As used in NRS 81.550 to 81.660, inclusive, unless otherwise indicated, section references are to the Internal Revenue Code of 1954 and include future amendments to those sections and corresponding provisions of future internal revenue laws.  (Added to NRS by 1971, 631; A 1991, 1254)
NV Rev Stat § 81.580 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.580 - Definitions.

As used in NRS 81.550 to 81.660, inclusive, unless the context otherwise requires, the words and terms defined in NRS 81.600, 81.605 and 81.610, have the meanings ascribed to them in those sections.  (Added to NRS by 1971, 631; A 1991, 1254)
NV Rev Stat § 81.600 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.600 - "Director" defined.

Director means a director, trustee, person or persons constituting the controlling board of a charitable organization.  (Added to NRS by 1971, 631)
NV Rev Stat § 81.605 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.605 - "Governing instrument" defined.

Governing instrument means the articles or certificate of incorporation or association or other written instrument by which a private foundation is created, but does not include its bylaws.  (Added to NRS by 1991, 1246)
NV Rev Stat § 81.610 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.610 - "Private foundation" defined.

Private foundation is any nonprofit corporation, association, foundation, or other charitable entity formed pursuant to the laws of the State of Nevada which is a "private foundation" as defined in Section 509(a).  (Added to NRS by 1971, 631; A 1991, 1254)
NV Rev Stat § 81.620 (2021)
2021 Nevada Revised Statutes|Chapter 81 - Miscellaneous Organizations|NRS 81.620 - Applicability of NRS 81.550 to 81.660, inclusive.

The provisions of NRS 81.550 to 81.660, inclusive, apply to any private foundation whether it was created before or is created on or after October 1, 1991, if it is subject to the sections of the Internal Revenue Code set out in NRS 81.550 to 81.660, inclusive.  (Added to NRS by 1971, 631; A 1991, 1254)