Directors: Quarterly meetings and examination of books required; exemption.

  1. Law
  2. Nevada Revised Statutes
  3. Organizational Requirements
  4. Directors: Quarterly meetings and examination of books required; exemption.

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The board of directors shall meet at least quarterly in regular meeting. At least quarterly, a thorough examination of the books, records, funds and securities held by the bank must be made. The examination may be dispensed with if an annual audit is made of the books, records, funds and securities.

(Added to NRS by 1971, 978; A 1989, 293; 1997, 985)


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