Nevada § 86.095 - “Noneconomic member” defined
Full text of Nevada Nevada Revised Statutes § 86.095 — “Noneconomic member” defined, with citation guidance and answers to common questions.
§ 86.095. “Noneconomic member” defined
1. “ Noneconomic member ” means a member of a limited-liability company who: (a) Does not own a member's interest in the company; (b) Does not have an obligation to contribute capital to the company; (c) Does not have a right to participate in or receive distributions from the company
or an obligation to contribute to the losses of the company; and (d) May have voting rights and other rights and privileges given to noneconomic members
of the company by the articles of organization or operating agreement. 2. As used in this section, “distribution” has the meaning ascribed to it in NRS 86.279 .
Frequently Asked Questions About Nevada § 86.095
What does Nevada Revised Statutes § 86.095 cover?
Section 86.095 ("“Noneconomic member” defined") 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 § 86.095?
A common citation format is "Nevada Revised Statutes § 86.095" (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 § 86.095 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.