Nevada § 82.206 - Committees of board of directors: Designation; powers; names; membership

§ 82.206. Committees of board of directors: Designation; powers; names; membership

1. Unless otherwise provided in the articles or bylaws, the board of directors may

designate one or more committees which, to the extent provided in the bylaws or in

the resolution or resolutions designating such committee or committees, have and may

exercise the powers of the board of directors in the management of the business and

affairs of the corporation, and may have power to authorize the seal of the corporation

to be affixed to all papers on which the corporation desires to place a seal. 2. The committee or committees may have such name or names as may be stated in the

bylaws or as may be determined from time to time by resolution adopted by the board

of directors. 3. Each committee must have at least one director. Unless it is otherwise provided in the articles or bylaws, the board of directors

may appoint natural persons who are not directors to serve on the committees. 4. No such committee may: (a) Amend, alter or repeal the bylaws; (b) Elect, appoint or remove any member of any such committee or any director of the

corporation; (c) Amend or repeal the articles, adopt a plan of merger or a plan of consolidation

with another corporation; (d) Authorize the sale, lease or exchange of all of the property and assets of the

corporation; (e) Authorize the voluntary dissolution of the corporation or revoke proceedings therefor; (f) Adopt a plan for the distribution of the assets of the corporation; or (g) Amend, alter or repeal any resolution of the board of directors unless it provides

by its terms that it may be amended, altered or repealed by a committee.