There Is a Newer Version
of
this Statute
2021 Nevada Revised Statutes
Chapter 86 - Limited-Liability Companies
NRS 86.483 - Authority of member to bring action.
Universal Citation:
NV Rev Stat § 86.483 (2021)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
A member, including a noneconomic member unless otherwise prohibited by the terms of the articles of organization or operating agreement, may bring an action in the right of a limited-liability company to recover a judgment in its favor if managers or members with authority to do so have refused to bring the action or if an effort to cause those managers or members to bring the action is not likely to succeed.
(Added to NRS by 2001, 1385; A 2001, 3199; 2003, 3141; 2007, 2425)
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.
