1. The Board shall meet at least once a month.
2. Meetings of the Retirement Board with investment counsel which are limited to the planning of future investments or the establishment of investment objectives and policies, or with legal counsel which are limited to advice upon claims or suits by or against the System may be closed by the Board.
3. At its first meeting each year, the Board shall designate one of its members to serve as Chair of the Board for the remainder of the year and until the Chair’s successor is designated and takes office.
[Part 4:181:1947; A 1949, 174; 1955, 23] — (NRS A 1973, 854; 1977, 1576)
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