Nevada § 81.855 - Distributions prohibited; compensation and other permitted payments
Full text of Nevada Nevada Revised Statutes § 81.855 — Distributions prohibited; compensation and other permitted payments, with citation guidance and answers to common questions.
§ 81.855. Distributions prohibited; compensation and other permitted payments
1. Except as otherwise provided in subsection 2, an unincorporated nonprofit association
may not pay dividends or make distributions to a member or manager. 2. An unincorporated nonprofit association may: (a) Pay reasonable compensation or reimburse reasonable expenses to a member or manager
for services rendered; (b) Confer benefits on a member or manager in conformity with its nonprofit purposes; (c) Repurchase a membership and repay a capital contribution made by a member to the
extent authorized by its governing principles; or (d) Make distributions of property to members upon winding up and termination to the
extent permitted by NRS 81.870 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 81.855
What does Nevada Revised Statutes § 81.855 cover?
Section 81.855 ("Distributions prohibited; compensation and other permitted payments") 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 § 81.855?
A common citation format is "Nevada Revised Statutes § 81.855" (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 § 81.855 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.