Updated April 25, 2023
Nevada corporate bylaws are terms set forth by a board of directors to regulate the internal operating procedures and management structure of a corporation. A well-constructed set of bylaws should identify the maximum number of board members, their general rights and responsibilities, and the length of their term on the board. The bylaws should also nominate individuals to execute the various officer positions (e.g., president, vice president, secretary). If the officers are entitled to receive compensation for their services, the bylaws should include a provision granting the board authority to set the amounts.
Required in Nevada? No (NRS 78.120(2))
Laws
- Annual Meetings – NRS 78.320
- Corporate Bylaws – NRS 78.120(2)
- Issuance of Stock – NRS 78.215