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2019 Nevada Revised Statutes
Chapter 86 - Limited-Liability Companies
NRS 86.298 - Duties of manager or managing member.
Universal Citation: NV Rev Stat § 86.298 (2019)
The duties of a manager or managing member of a limited-liability company to the limited-liability company, to any series of the limited-liability company, to any member or to another person that is a party to or otherwise bound by the operating agreement are only:
1. The implied contractual covenant of good faith and fair dealing; and
2. Such other duties, including, without limitation, fiduciary duties, if any, as are expressly prescribed by the articles of organization or the operating agreement.
(Added to NRS by 2019, 104)
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