Nevada Revised Statutes 78.715 – Acts of majority of receivers effectual; removal and vacancies
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1. Every matter and thing by this chapter required to be done by receivers or trustees shall be good and effectual, to all intents and purposes, if performed by a majority of them.
Terms Used In Nevada Revised Statutes 78.715
- Receiver: includes receivers and trustees appointed by a court as provided in this chapter or in chapter 32 of NRS. See Nevada Revised Statutes 78.010
- Trustee: A person or institution holding and administering property in trust.
2. The district court may remove any receiver or trustee and appoint another or others in his or her place to fill any vacancy which may occur.