{"data":{"id":"us-nv/nrs-86.346","jurisdiction":"us-nv","citation":"NRS 86.346","heading":"Distributions: Form; status of member or transferee.","body":"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.\n2. 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.","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#NRS086Sec346","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"1b5c7d0e813174aff98bc5dd4bad7a5675de06a06b1fe3eaf2b498bf235bafe2","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-86.345","next":"us-nv/nrs-86.351"},"notice":"GroundRules: Original legal text. Not legal advice."}