Nev. Rev. Stat. § 86.011
Definitions
As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 86.022 to 86.1255, inclusive, have the meanings ascribed to them in those sections.
Nevada Revised Statutes Chapter 86 — Limited-Liability Companies
Nevada · statute · Nev. Rev. Stat. ch. 86 · 139 active provisions
Nev. Rev. Stat. § 86.022
“Articles” and “articles of organization” defined
“Articles” and “articles of organization” are synonymous terms and, unless the context otherwise requires, include certificates and restated articles of organization filed pursuant to NRS 86.221 and articles of merger, conversion, exchange or domestication filed pursuant to NRS 92A.200 to 92A.240, inclusive, or 92A.270…
Nev. Rev. Stat. § 86.031
“Bankrupt” defined
“Bankrupt” is limited to the effect of the federal statutes codified as Title 11 of the United States Code.
Nev. Rev. Stat. § 86.051
“Foreign limited-liability company” defined
“Foreign limited-liability company” means a limited-liability company formed under the laws of any jurisdiction other than this State.
Nev. Rev. Stat. § 86.055
“In interest” defined
“In interest,” when used in reference to a stated proportion and: 1. In reference to a limited-liability company, means such proportion of the total contributions of the members to the capital of the limited-liability company, as adjusted from time to time to properly reflect any additional contributions or withdrawals…
Nev. Rev. Stat. § 86.061
“Limited-liability company” and “company” defined
“Limited-liability company” or “company” means a limited-liability company organized by filing articles of organization with the Secretary of State and existing under this chapter, including a restricted limited-liability company.
Nev. Rev. Stat. § 86.071
“Manager” defined
“Manager” means a person, or one of several persons, designated in or selected pursuant to the articles of organization or operating agreement of a limited-liability company to manage the company.
Nev. Rev. Stat. § 86.081
“Member” defined
“Member” means the owner of a member’s interest in a limited-liability company or a noneconomic member.
Nev. Rev. Stat. § 86.091
“Member’s interest” defined
“Member’s interest” means a share of the economic interests in a limited-liability company, including profits, losses and distributions of assets.
Nev. Rev. Stat. § 86.095
“Noneconomic member” defined
1. “Noneconomic member” means a member of a limited-liability company who: (a) Does not own a member’s interest in the company; (b) Does not have an obligation to contribute capital to the company; (c) Does not have a right to participate in or receive distributions from the company or an obligation to contribute to th…
Nev. Rev. Stat. § 86.101
“Operating agreement” defined
“Operating agreement” means any valid agreement of the members as to the affairs of a limited-liability company and the conduct of its business, whether in any tangible or electronic format.
Nev. Rev. Stat. § 86.105
“Personal representative” defined
“Personal representative” means: 1. In reference to a natural person, the executor, administrator, guardian, conservator or other legal representative thereof. 2. In reference to a person other than a natural person, the legal representative or successor thereof.
Nev. Rev. Stat. § 86.111
“Real property” defined
“Real property” includes land, any interest, leasehold or estate in land, and any improvements on it.
Nev. Rev. Stat. § 86.118
“Registered agent” defined
“Registered agent” has the meaning ascribed to it in NRS 77.230.
Nev. Rev. Stat. § 86.121
“Registered office” defined
“Registered office” of a limited-liability company means the office maintained at the street address of its registered agent.
Nev. Rev. Stat. § 86.1252
“Restricted limited-liability company” defined
“Restricted limited-liability company” means a limited-liability company organized and existing under this chapter that elects to include the optional provisions permitted by NRS 86.161.
Nev. Rev. Stat. § 86.1255
“Series” and “series of members” defined
“Series” and “series of members” are synonymous terms and, unless the context otherwise requires, means a limited-liability company whose creation has been authorized pursuant to subsection 2 of NRS 86.296 by a limited-liability company formed by filing articles of organization with the Secretary of State pursuant to N…
Nev. Rev. Stat. § 86.131
Applicability of chapter to foreign and interstate commerce
The provisions of this chapter apply to commerce with foreign nations and among the several states. It is the intention of the Legislature by enactment of this chapter that the legal existence of limited-liability companies formed under this chapter, and any series thereof, be recognized beyond the limits of this State…
Nev. Rev. Stat. § 86.135
Amendment or repeal of provisions of chapter; chapter deemed part of articles of company
The provisions of this chapter may be amended or repealed at the pleasure of the legislature. A limited-liability company created pursuant to the provisions of this chapter or availing itself of any of the provisions of this chapter and all members and managers of the limited-liability company are bound by the amendmen…
Nev. Rev. Stat. § 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
The Secretary of State may adopt regulations to define, for the purposes of certain provisions of this chapter, the terms “meeting,” “writing,” “written” and other terms to allow a limited-liability company or other entity which is subject to the provisions of this chapter to carry out its powers and duties as prescrib…
Nev. Rev. Stat. § 86.138
Company records: Manner of storage; conversion of electronic records into clear and legible paper form; admissibility in evidence of electronic records
1. Except as otherwise required by federal or state law, any records maintained by a limited-liability company in its regular course of business may be kept on, or by means of, any information processing system or other information storage device or medium, including, without limitation, a blockchain, or in the form of…
Nev. Rev. Stat. § 86.141
Purpose for organization; prohibition against organization of limited-liability company for certain illegal purposes
1. Except as otherwise provided in subsection 2, a limited-liability company may be organized under this chapter for any lawful purpose. A person shall not organize a limited-liability company for any illegal purpose or with the fraudulent intent to conceal any business activity, or lack thereof, from another person or…
Nev. Rev. Stat. § 86.151
Filing requirements
1. One or more persons may form a limited-liability company by signing and filing with the Secretary of State articles of organization for the company. 2. Upon the filing of the articles of organization with the Secretary of State and the payment of the required filing fees, the Secretary of State shall issue to the co…
Nev. Rev. Stat. § 86.155
Perpetual existence of company
Unless otherwise provided in its articles of organization or operating agreement, a limited-liability company has perpetual existence.
Nev. Rev. Stat. § 86.161
Articles of organization: Required and optional provisions
1. The articles of organization must set forth: (a) The name of the limited-liability company; (b) The information required pursuant to NRS 77.310; (c) The name and address, either residence or business, of each of the organizers signing the articles; (d) If the company is to be managed by: (1) One or more managers, th…
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