Nevada § 82.516 - Payment of creditors and distribution of surplus
Full text of Nevada Nevada Revised Statutes § 82.516 — Payment of creditors and distribution of surplus, with citation guidance and answers to common questions.
§ 82.516. Payment of creditors and distribution of surplus
After payment of all allowances, expenses and costs, and the satisfaction of all special
and general liens upon the money of the corporation to the extent of their lawful
priority, the creditors must be paid proportionately to the amount of their respective
debts, except mortgagees and judgment creditors when the judgment has not been by
confession for the purpose of preferring creditors. The creditors are entitled to distribution on debts not due, making in such case a
rebate of interest, when interest is not accruing on the debts. The surplus, if any, after payment of the creditors and the costs, expenses and allowances,
must be distributed as provided in subsection 4 of NRS 82.461 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 82.516
What does Nevada Revised Statutes § 82.516 cover?
Section 82.516 ("Payment of creditors and distribution of surplus") 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 § 82.516?
A common citation format is "Nevada Revised Statutes § 82.516" (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 § 82.516 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.