Nevada § 231.14057 - Restoration of right to transact business under certain circumstances
Full text of Nevada Nevada Revised Statutes § 231.14057 — Restoration of right to transact business under certain circumstances, with citation guidance and answers to common questions.
§ 231.14057. Restoration of right to transact business under certain circumstances
1. Notwithstanding any other provision of chapter 78, 80, 82, 84, 86, 87, 87A, 88,
88A or 89 of NRS to the contrary, the Secretary of State shall reinstate a local emerging
small business which has forfeited or which forfeits its right to transact business
or which has had its right to transact business revoked pursuant to chapter 78, 80,
82, 84, 86, 87, 87A, 88, 88A or 89 of NRS and restore the right to transact business
in this State and to exercise its privileges and immunities if it pays to the Secretary
of State at least 25 percent of the total amount of the delinquent fees and penalties
set forth in the applicable chapter of title 7 of NRS. 2. If the local emerging small business fails to pay the entirety of the delinquent
fees and penalties pursuant to subsection 1, the local emerging small business shall
enter into a payment plan with the Secretary of State to pay the remaining balance
of such fees and penalties in monthly payments within 1 year. 3. If a local emerging small business fails to comply with any provision of the payment
plan entered into with the Secretary of State pursuant to subsection 2, the Secretary
of State shall revoke the right of the local emerging small business to transact business
in this State. 4. If the right of a local emerging small business to transact business in this State
has been forfeited pursuant to chapter 78, 80, 82, 84, 86, 87, 87A, 88, 88A or 89
of NRS and has remained forfeited for a period of at least 5 consecutive years, the
right is not subject to reinstatement pursuant to this section.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 231.14057
What does Nevada Revised Statutes § 231.14057 cover?
Section 231.14057 ("Restoration of right to transact business under certain circumstances") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 231.14057?
A common citation format is "Nevada Revised Statutes § 231.14057" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 231.14057 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.