Nevada § 86.141 - Purpose for organization; prohibition against organization of limited-liability company for certain illegal purposes
Full text of Nevada Nevada Revised Statutes § 86.141 — Purpose for organization; prohibition against organization of limited-liability company for certain illegal purposes, with citation guidance and answers to common questions.
§ 86.141. Purpose for organization; prohibition against organization of limited-liability company for certain illegal purposes
1. Except as otherwise provided in subsection 2, a limited-liability company may be
organized under this chapter for any lawful purpose. A person shall not organize a limited-liability company for any illegal purpose
or with the fraudulent intent to conceal any business activity, or lack thereof, from
another person or a governmental agency. 2. A limited-liability company may not be organized for the purpose of insurance unless
approved to do so by the Commissioner of Insurance.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 86.141
What does Nevada Revised Statutes § 86.141 cover?
Section 86.141 ("Purpose for organization; prohibition against organization of limited-liability company for certain illegal purposes") 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 § 86.141?
A common citation format is "Nevada Revised Statutes § 86.141" (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 § 86.141 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.