2015 Nevada Revised Statutes
Chapter 86 - Limited-Liability Companies
NRS 86.201 - Commencement of organizational existence.
1. A limited-liability company is considered legally organized pursuant to this chapter:
(a) At the time of the filing of the articles of organization with the Secretary of State, upon a later date and time as specified in the articles, which date must not be more than 90 days after the date on which the articles are filed or, if the articles specify a later effective date but do not specify an effective time, at 12:01 a.m. in the Pacific time zone on the specified later date, whichever is applicable; and
(b) Upon paying the required filing fees to the Secretary of State.
2. A limited-liability company must not transact business or incur indebtedness, except that which is incidental to its organization or to obtaining subscriptions for or payment of contributions, until the company is considered legally organized pursuant to subsection 1.
3. A limited-liability company is an entity distinct from its managers and members.
(Added to NRS by 1991, 1294; A 1993, 1014; 1995, 1127, 2108; 2001, 1388, 3199; 2007, 2424, 2670; 2011, 2798)
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