NRS 81.855 Distributions prohibited; compensation and other permitted payments.
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NRS 81.855 Distributions prohibited; compensation and other permitted payments.
1. Except as otherwise provided in subsection 2, an unincorporated nonprofit association may not pay dividends or make distributions to a member or manager.
2. An unincorporated nonprofit association may:
(a)Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;
(b)Confer benefits on a member or manager in conformity with its nonprofit purposes;
(c)Repurchase a membership and repay a capital contribution made by a member to the extent authorized by its governing principles; or
(d)Make distributions of property to members upon winding up and termination to the extent permitted by NRS 81.870 .