Nev. Rev. Stat. § 86.346
Distributions: Form; status of member or transferee
Nevada · Nevada Revised Statutes Chapter 86 — Limited-Liability Companies · Status: effective
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- Citation
- Nev. Rev. Stat. § 86.346, Distributions: Form; status of member or transferee, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2077408
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Full text
1. Unless otherwise provided in the operating agreement, a member, regardless of the nature of the member’s contributions, or a transferee, regardless of the nature of the contributions of the transferee’s predecessor, has no right to demand or receive any distribution from a limited-liability company in any form other than cash.
2. Except as otherwise provided in NRS 86.391 and 86.521, and unless otherwise provided in the operating agreement, at the time a member or transferee becomes entitled to receive a distribution the member or transferee has the status of and is entitled to all remedies available to a creditor of the company with respect to the distribution.