Nevada § 86.272 - Defaulting companies: Identification; reinstatement; penalty
Full text of Nevada Nevada Revised Statutes § 86.272 — Defaulting companies: Identification; reinstatement; penalty, with citation guidance and answers to common questions.
§ 86.272. Defaulting companies: Identification; reinstatement; penalty
1. Each limited-liability company which is required to make a filing and pay the fee
prescribed in NRS 86.263 and 86.264 and which refuses or neglects to do so within the time provided is in default. 2. Upon notification from the Administrator of the Real Estate Division of the Department
of Business and Industry that a limited-liability company which is a unit-owners'
association as defined in NRS 116.011 or 116B.030 has failed to register pursuant to NRS 116.31158 or 116B.625 or failed to pay the fees pursuant to NRS 116.31155 or 116B.620 , the Secretary of State shall deem the limited-liability company to be in default. If, after the limited-liability company is deemed to be in default, the Administrator
notifies the Secretary of State that the limited-liability company has registered
pursuant to NRS 116.31158 or 116B.625 and paid the fees pursuant to NRS 116.31155 or 116B.620 , the Secretary of State shall reinstate the limited-liability company if the limited-liability
company complies with the requirements for reinstatement as provided in this section
and NRS 86.276 . 3. For default there must be added to the amount of the fee a penalty of $75. The fee and penalty must be collected as provided in this chapter.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 86.272
What does Nevada Revised Statutes § 86.272 cover?
Section 86.272 ("Defaulting companies: Identification; reinstatement; penalty") 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 § 86.272?
A common citation format is "Nevada Revised Statutes § 86.272" (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 § 86.272 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.