1.  Except as otherwise provided in subsection 2, an unincorporated nonprofit association may not pay dividends or make distributions to a member or manager.

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‘ 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.