Nevada § 82.461 - Dissolved corporations: Duties of person appointed or authorized to act in liquidation
Full text of Nevada Nevada Revised Statutes § 82.461 — Dissolved corporations: Duties of person appointed or authorized to act in liquidation, with citation guidance and answers to common questions.
§ 82.461. Dissolved corporations: Duties of person appointed or authorized to act in liquidation
The directors, trustees, receivers or those persons appointed or authorized to act
in liquidation of a dissolved corporation shall: 1. Wind up the corporation; 2. Realize upon its assets; 3. Pay its debts; and 4. Distribute the residue of its money and property as follows: (a) Assets held by the corporation on the condition that upon dissolution they be
returned, transferred or conveyed must be returned, transferred or conveyed as required; (b) Assets received and held by the corporation subject to limitations permitting
their use only for charitable, religious, eleemosynary, benevolent, educational or
similar purposes, but not held upon a condition requiring return, transfer or conveyance
upon dissolution, must be transferred or conveyed to one or more domestic or foreign
corporations, societies or organizations engaged in activities substantially similar
to those of the dissolving corporation, pursuant to a plan of distribution; (c) Other assets, if any, must be distributed in accordance with the provisions of
the articles or the bylaws to the extent the articles or bylaws determine the distribution
of assets; and (d) Any remaining assets may be distributed to the members and such persons, societies,
organizations or domestic or foreign corporations, whether or not for profit, as may
be specified in the plan of distribution.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 82.461
What does Nevada Revised Statutes § 82.461 cover?
Section 82.461 ("Dissolved corporations: Duties of person appointed or authorized to act in liquidation") 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 § 82.461?
A common citation format is "Nevada Revised Statutes § 82.461" (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 § 82.461 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.