Nevada § 86.279 - “Distribution” defined
Full text of Nevada Nevada Revised Statutes § 86.279 — “Distribution” defined, with citation guidance and answers to common questions.
§ 86.279. “Distribution” defined
As used in NRS 86.279 to 86.351 , inclusive, unless the context otherwise requires, “ distribution ” means a direct or indirect transfer of money or property, other than its own member's
interests, or the incurrence of indebtedness, by a limited-liability company to or
for the benefit of all holders of any one or more classes or series of its members'
interests with respect to such interests or as otherwise provided in the articles
of organization or operating agreement.
Frequently Asked Questions About Nevada § 86.279
What does Nevada Revised Statutes § 86.279 cover?
Section 86.279 ("“Distribution” 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 § 86.279?
A common citation format is "Nevada Revised Statutes § 86.279" (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 § 86.279 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.