Nevada § 86.291 - Management
Full text of Nevada Nevada Revised Statutes § 86.291 — Management, with citation guidance and answers to common questions.
§ 86.291. Management
1. Except as otherwise provided in this section or in the articles of organization
or operating agreement, management of a limited-liability company is vested in its
members proportionally in interest thereof. 2. Unless otherwise provided in the articles of organization or operating agreement,
the management of a series is vested in the members associated with the series proportionally
in interest thereof. 3. If provision is made in the articles of organization, management of the company
may be vested in a manager or managers, who may but need not be members. The manager or managers shall hold the offices, have the responsibilities and otherwise
manage the company as set forth in the operating agreement of the company or, if the
company has not adopted an operating agreement, then as prescribed by the members.
Frequently Asked Questions About Nevada § 86.291
What does Nevada Revised Statutes § 86.291 cover?
Section 86.291 ("Management") 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 § 86.291?
A common citation format is "Nevada Revised Statutes § 86.291" (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 § 86.291 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.