Corporate governance: Establishment of board of directors or similar body.
Nev. Rev. Stat. § 645F.780
in effect1. Except as otherwise provided in subsection 2, a covered institution shall establish and maintain a board of directors.
2. A covered institution may establish a body similar to a board of directors to perform the duties imposed by NRS 645F.790 if:
(a) The covered institution is not approved by an agency to service loans; or
(b) An agency has granted the covered institution approval to establish an alternative to a board of directors.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-645F.htmlFetched: 10/4/2026