2019 Nevada Revised Statutes
Chapter 86 - Limited-Liability Companies
NRS 86.301 - Limitation on authority to contract debt or incur liability.
Except as otherwise provided in this chapter, the articles of organization or the operating agreement, no debt may be contracted or liability incurred by or on behalf of a limited-liability company or any series thereof except by:
1. One or more managers of a company or series which is managed by a manager or managers;
2. Any member of a company or series which is managed by its members;
3. Any agent, officer, employee or other representative of the company or series, as authorized in the operating agreement or in another writing by a manager or managers, if the company or series is managed by a manager or managers; or
4. Any agent, officer, employee or other representative of the company or series authorized in the operating agreement or in another writing by a member thereof, if the company or series is managed by its members.
(Added to NRS by 1991, 1300; A 1997, 719; 1999, 1615; 2001, 1391, 3199; 2003, 3140; 2019, 106)
