There is a newer version
of
this Chapter
2021 Nevada Revised Statutes
Chapter 86 - Limited-Liability Companies
GENERAL PROVISIONS
- NRS 86.011 - Definitions.
- NRS 86.022 - "Articles" and "articles of organization" defined.
- NRS 86.031 - "Bankrupt" defined.
- NRS 86.051 - "Foreign limited-liability company" defined.
- NRS 86.061 - "Limited-liability company" and "company" defined.
- NRS 86.065 - "Majority in interest" defined.
- NRS 86.071 - "Manager" defined.
- NRS 86.081 - "Member" defined.
- NRS 86.091 - "Member’s interest" defined.
- NRS 86.095 - "Noneconomic member" defined.
- NRS 86.101 - "Operating agreement" defined.
- NRS 86.105 - "Personal representative" defined.
- NRS 86.111 - "Real property" defined.
- NRS 86.118 - "Registered agent" defined.
- NRS 86.121 - "Registered office" defined.
- NRS 86.1252 - "Restricted limited-liability company" defined.
- NRS 86.1255 - "Series" and "series of members" defined.
- NRS 86.131 - Applicability of chapter to foreign and interstate commerce.
- NRS 86.135 - Amendment or repeal of provisions of chapter; chapter deemed part of articles of company.
- NRS 86.137 - Secretary of State authorized to adopt certain regulations to allow limited-liability company to carry out powers and duties through most recent technology.
- NRS 86.138 - Company records: Manner of storage; conversion of electronic records into clear and legible paper form; admissibility in evidence of electronic records.
- NRS 86.141 - Purpose for organization; prohibition against organization of limited-liability company for certain illegal purposes.
- NRS 86.151 - Filing requirements.
- NRS 86.155 - Perpetual existence of company.
- NRS 86.161 - Articles of organization: Required and optional provisions.
- NRS 86.171 - Name of company: Distinguishable name required; availability of name of revoked, merged or otherwise terminated company; limitations; regulations.
- NRS 86.176 - Name of company: Reservation; injunctive relief.
- NRS 86.201 - Commencement of organizational existence.
- NRS 86.211 - Articles of organization: Notice imparted by filing.
- NRS 86.213 - Penalty for purporting to do business as limited-liability company without filing articles of organization; enforcement; regulations.
- NRS 86.216 - Amendment of articles of organization before issuance of member’s interest.
- NRS 86.221 - Amendment and restatement of articles of organization.
- NRS 86.226 - Filing and effectiveness of certificate of amendment or judicial decree of amendment.
- NRS 86.231 - Registered agent required; address of registered office.
- NRS 86.236 - Registered agent of series; service of process, notice or demand upon series.
- NRS 86.241 - Maintenance of records at principal office in State or with custodian of records; right of members and managers to obtain or examine records.
- NRS 86.243 - Denial of right to obtain or examine records; action to enforce right to obtain or examine records; defense to action for penalties or damages; authority of court to compel production of records.
- NRS 86.246 - Requirement to provide to Secretary of State name and contact information of custodian of list of members and managers; requirement to assist in criminal investigation; failure to comply; regulations.
- NRS 86.251 - Resignation of registered agent or termination of registration of commercial registered agent.
- NRS 86.261 - Service of process, notice or demand upon registered agent.
- NRS 86.263 - Filing requirements; fees; notice; regulations.
- NRS 86.264 - Additional filing requirements for certain companies: Criteria; statement; fees.
- NRS 86.266 - Certificate of authorization to transact business.
- NRS 86.269 - Addresses of managers and members required; failure to file.
- NRS 86.272 - Defaulting companies: Identification; reinstatement; penalty.
- NRS 86.274 - Defaulting companies: Duties of Secretary of State; forfeiture; distribution of assets.
- NRS 86.276 - Defaulting companies: Conditions and procedure for reinstatement.
- NRS 86.278 - Defaulting companies: Reinstatement under old or new name; regulations.
- NRS 86.281 - General powers.
- NRS 86.286 - Operating agreement.
- NRS 86.291 - Management.
- NRS 86.293 - Noneconomic members.
- NRS 86.296 - Classes of members or managers; series of members.
- NRS 86.298 - Duties of manager or managing member.
- NRS 86.301 - Limitation on authority to contract debt or incur liability.
- NRS 86.311 - Acquisition, ownership and disposition of property by company and series.
- NRS 86.321 - Contributions to capital: Form.
- NRS 86.326 - Admission of members; member has no preemptive right to acquire certain interests; exception.
- NRS 86.331 - Resignation or withdrawal of member: Limitation; payment to member who rightfully resigns or withdraws.
- NRS 86.335 - Resignation or withdrawal of member in violation of operating agreement; loss of right to participate upon resignation or withdrawal.
- NRS 86.341 - Distribution of profits.
- NRS 86.343 - Distribution of profits and contributions: Prohibition; applicable determinations; liability of member for violation.
- NRS 86.345 - Distributions: Limitations applicable to restricted limited-liability companies.
- NRS 86.346 - Distributions: Form; status of member or transferee.
- NRS 86.351 - Nature and transfer of member’s interest; rights of transferee; substituted members.
- NRS 86.361 - Liability of persons assuming to act as company without authority.
- NRS 86.371 - Liability of member or manager for debts or liabilities of company.
- NRS 86.376 - Liability of person who acts as alter ego of company for debts or liabilities of company.
- NRS 86.381 - Member of company is not proper party in proceeding by or against company; exception.
- NRS 86.391 - Liability of member to company.
- NRS 86.401 - Rights and remedies of creditor of member.
- NRS 86.411 - Indemnification of manager, member, employee or agent: Proceeding other than by company.
- NRS 86.421 - Indemnification of manager, member, employee or agent: Proceeding by company.
- NRS 86.431 - Indemnification of manager, member, employee or agent: Scope; authorization.
- NRS 86.441 - Indemnification of member or manager: Advancement of expenses.
- NRS 86.451 - Indemnification of manager, member, employee or agent: Effect of provisions on other rights; continuation after cessation of status.
- NRS 86.461 - Maintenance of insurance or other financial arrangements against liability of member, manager, employee or agent.
- NRS 86.471 - Effect of providing insurance or other financial arrangements against liability of member, manager, employee or agent.
- NRS 86.481 - Exclusion of company which provides self-insurance from title 57 of NRS.
- NRS 86.483 - Authority of member to bring action.
- NRS 86.485 - Qualifications of plaintiff.
- NRS 86.487 - Pleading.
- NRS 86.489 - Expenses.
- NRS 86.4895 - Dissolution of company whose charter has been revoked without additional fees and penalties; regulations.
- NRS 86.490 - Dissolution before commencement of business; limitations.
- NRS 86.491 - Events requiring dissolution and winding up of affairs; powers and duties of person winding up affairs; effect of certain events affecting member.
- NRS 86.495 - Dissolution by decree of court; termination of series by decree of court.
- NRS 86.505 - Continuation of company after dissolution for winding up of affairs; limitation on actions by or against dissolved company or its managers or members.
- NRS 86.521 - Distribution of assets after dissolution.
- NRS 86.531 - Articles of dissolution: Required provisions.
- NRS 86.541 - Filing and effectiveness of articles of dissolution; powers of trustees of dissolved company.
- NRS 86.5411 - Application of creditors or members of insolvent company for injunction and appointment of receiver or trustee; hearing.
- NRS 86.5412 - Appointment of receiver or trustee of insolvent company: Powers.
- NRS 86.5413 - Property and privileges of insolvent company vest in appointed receiver.
- NRS 86.5414 - Company may resume control upon payment of debts and receipt of capital to conduct business; order of court dissolving company and forfeiting charter.
- NRS 86.5415 - Members’ application for injunction and appointment of receiver when company mismanaged.
- NRS 86.5416 - Reorganization of company by majority of members during receivership.
- NRS 86.5417 - Powers of district court.
- NRS 86.5418 - Receiver to take possession of company assets upon court order.
- NRS 86.5419 - Inventory, lists of debts and reports by receiver.
- NRS 86.542 - Creditors’ proofs of claims; when participation barred; notice.
- NRS 86.5421 - Creditors’ claims to be in writing under oath; examination of claimants.
- NRS 86.5422 - Action on creditors’ claims; appeal of disallowed claims.
- NRS 86.5423 - Substitution of receiver as party; abatement of actions.
- NRS 86.5424 - Sales of encumbered or deteriorating property.
- NRS 86.5425 - Compensation, costs and expenses of receiver.
- NRS 86.5426 - Distribution of money to creditors and members.
- NRS 86.5427 - Acts of majority of receivers effectual; removal and vacancies.
- NRS 86.5428 - Employees’ liens for wages when company insolvent.
- NRS 86.543 - Law governing organization, internal affairs and liability of managers and members.
- NRS 86.544 - Filing requirements; prohibition against registration for certain illegal purposes; required provisions of application for registration.
- NRS 86.545 - Issuance of certificate of registration by Secretary of State.
- NRS 86.546 - Name for registration.
- NRS 86.5461 - Annual list: Filing requirements; fees; powers and duties of Secretary of State; regulations.
- NRS 86.54615 - List or statement to be maintained at principal office in State or with custodian of records; requirement to assist in criminal investigation; failure to comply; regulations.
- NRS 86.5462 - Additional filing requirements for certain companies: Criteria; statement; fees.
- NRS 86.5463 - Certificate of authorization to transact business.
- NRS 86.5464 - Addresses of managers or managing members required; failure to file.
- NRS 86.5465 - Defaulting companies: Identification; forfeiture of right to transact business; penalty.
- NRS 86.5466 - Defaulting companies: Duties of Secretary of State.
- NRS 86.5467 - Defaulting companies: Conditions and procedure for reinstatement.
- NRS 86.5468 - Defaulting companies: Reinstatement or revival under old or new name; regulations.
- NRS 86.5469 - Cancellation of registration without additional fees and penalties; regulations.
- NRS 86.547 - Cancellation of registration.
- NRS 86.5475 - Renewal or revival of right to transact business: Procedure; fee; certificate as evidence; status of company.
- NRS 86.548 - Penalty for transacting business without registration; enforcement; regulations.
- NRS 86.5483 - Activities not constituting transaction of business. [Effective through December 31, 2019.]
- NRS 86.5483 - Activities not constituting transaction of business. [Effective January 1, 2020.]
- NRS 86.5487 - Determination of whether solicitation is made or accepted.
- NRS 86.549 - Action by Attorney General to restrain transaction of business.
- NRS 86.555 - Issuance of occupational or professional license to limited-liability company by board or commission; regulations.
- NRS 86.557 - Form required for filing of records.
- NRS 86.561 - Fees.
- NRS 86.563 - Procedure to submit replacement page to Secretary of State before actual filing of record.
- NRS 86.566 - Filing of records written in language other than English.
- NRS 86.568 - Correction of inaccurate or defective record filed with Secretary of State; cancellation of filings.
- NRS 86.571 - Waiver of notice.
- NRS 86.580 - Renewal or revival of charter: Procedure; fee; certificate as evidence.
- NRS 86.590 - Renewal or revival of charter: Status of company.
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
