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Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 86.483: Authority of member to bring action.

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Where this section sits in the code
  1. TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES
  2. CHAPTER 86 - LIMITED-LIABILITY COMPANIES
  3. DERIVATIVE ACTIONS

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.

Collected 2026-09-03T05:51:31Z. Source file · JSON

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