Nevada § 86.391 - Liability of member to company
Full text of Nevada Nevada Revised Statutes § 86.391 — Liability of member to company, with citation guidance and answers to common questions.
§ 86.391. Liability of member to company
1. A member is liable to a limited-liability company: (a) For a difference between the member’s contributions to capital as actually made
and as stated in the articles of organization or operating agreement as having been
made; and (b) For any unpaid contribution to capital which the member agreed in the articles
of organization or operating agreement to make in the future at the time and on the
conditions stated in the articles of organization or operating agreement. 2. A member holds as trustee for the company specific property stated in the articles
of organization or operating agreement as contributed by the member, but which was
not so contributed. 3. The liabilities of a member as set out in this section can be waived or compromised
only by the consent of all of the members, but a waiver or compromise does not affect
the right of a creditor of the company to enforce the liabilities if the creditor
extended credit or the creditor’s claim arose before the effective date of an amendment
of the articles of organization or operating agreement effecting the waiver or compromise.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 86.391
What does Nevada Revised Statutes § 86.391 cover?
Section 86.391 ("Liability of member to company") 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 § 86.391?
A common citation format is "Nevada Revised Statutes § 86.391" (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 § 86.391 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.