349.912 - Director: Selection of management company; agreement; regulations; expenses of operation and maintenance; employees, advisers and consultants. - Nevada Statutes

349.912  Director: Selection of management company; agreement; regulations; expenses of operation and maintenance; employees, advisers and consultants.  The Director may, upon approval of the Board:

      1.  Select the management company;

      2.  Enter into an agreement;

      3.  Adopt regulations necessary to carry out the provisions of NRS 349.900 to 349.929, inclusive;

      4.  Charge the Account for Venture Capital for the expenses of operation and maintenance; and

      5.  Employ or contract for the services of attorneys, accountants, financial experts and any other advisers, employees, consultants and agents as the Director determines to be necessary to carry out the provisions of NRS 349.900 to 349.929, inclusive.

      (Added to NRS by 1987, 1406)