{"data":{"id":"us-nv/nrs-86.298","jurisdiction":"us-nv","citation":"NRS 86.298","heading":"Duties of manager or managing member.","body":"The duties of a manager or managing member of a limited-liability company to the limited-liability company, to any series of the limited-liability company, to any member or to another person that is a party to or otherwise bound by the operating agreement are only:\n1. The implied contractual covenant of good faith and fair dealing; and\n2. Such other duties, including, without limitation, fiduciary duties, if any, as are expressly prescribed by the articles of organization or the operating agreement.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 86 - LIMITED-LIABILITY COMPANIES","OPERATION"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-086.html#NRS086Sec298","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"174a89596ff227410f36c4d1271cc16a75da761c33ebecbd95b502558e7f6c78","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-86.296","next":"us-nv/nrs-86.301"},"notice":"GroundRules: Original legal text. Not legal advice."}