Nevada § 81.220 - General powers
Full text of Nevada Nevada Revised Statutes § 81.220 — General powers, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Nevada § 81.220
What does Nevada Revised Statutes § 81.220 cover?
Section 81.220 ("General powers") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 81.220?
A common citation format is "Nevada Revised Statutes § 81.220" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 81.220 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.