693B.160 - Presumption of acute emergency; powers of board or emergency board of directors.
693B.160 Presumption of acute emergency; powers of board or emergency board of directors.
1. In any action or proceeding it shall be presumed that an acute emergency existing within any city or county within the state constitutes an acute emergency affecting every organization doing business within such city or county.
2. During an acute emergency:
(a) The board of a domestic organization which has adopted emergency bylaws, approved by the Commissioner, shall have the powers conferred by such bylaws and, except as provided in subsection 1 of NRS 693B.130, shall, to the extent that such bylaws relate to the subject matter contained in NRS 693B.040 to 693B.100, inclusive, have no other or different powers with respect to such subject matter.
(b) The board of a domestic organization which has not adopted emergency bylaws, approved by the Commissioner, shall have all powers of an emergency board of directors pursuant to NRS 693B.030 to 693B.100, inclusive.
(Added to NRS by 1971, 1823)
NRS 693B.170 Effect of chapter on organization’s power and on foreign and alien companies. Nothing in this chapter shall be construed to limit the powers of any organization, or to permit or require any organization which is not domiciled in this state, or any branch, office or agency of such organization, or the directors, officers, policyholders or stockholders of any such organization to act, or fail to act, in such a manner as would violate the laws of the jurisdiction wherein such organization has its domicile.
(Added to NRS by 1971, 1824)