Nev. Rev. Stat. § 86.331
Resignation or withdrawal of member: Limitation; payment to member who rightfully resigns or withdraws
Nevada · Nevada Revised Statutes Chapter 86 — Limited-Liability Companies · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 86.331, Resignation or withdrawal of member: Limitation; payment to member who rightfully resigns or withdraws, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2077403
- Permanent ID
ys:prov:2077403@1- SHA-256
ed2304cfb1afeafc33f76401d034b8821061ef9203bcaaa450851ea3653894f0
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
1. Except as otherwise provided in chapter 463 of NRS, other applicable law, the articles of organization or the operating agreement, a member may not resign or withdraw as a member from a limited-liability company before the dissolution and winding up of the company.
2. If a member has a right to resign or withdraw, the amount that a resigning or withdrawing member is entitled to receive from the company for his or her interest must be determined pursuant to the provisions of this chapter, chapter 463 of NRS, the articles of organization or the operating agreement. If not otherwise provided therein, a resigning or withdrawing member is entitled to receive, within a reasonable time after resignation or withdrawal, the fair market value of his or her interest on the date of resignation or withdrawal.