Nevada § 86.495 - Dissolution by decree of court; termination of series by decree of court
Full text of Nevada Nevada Revised Statutes § 86.495 — Dissolution by decree of court; termination of series by decree of court, with citation guidance and answers to common questions.
§ 86.495. Dissolution by decree of court; termination of series by decree of court
1. Upon application by or for a member, the district court may decree dissolution
of a limited-liability company whenever it is not reasonably practicable to carry
on the business of the company in conformity with the articles of organization or
operating agreement. 2. Upon application by or for a member of a series, the district court may decree
the termination of the series only, and not the dissolution of the company, whenever
it is not reasonably practicable to carry on the business of the series in conformity
with the articles of organization or operating agreement. 3. If a limited-liability company is required to be dissolved pursuant to NRS 86.491 and articles of dissolution have not been filed within 180 days after the date on
which the company is required to be dissolved, upon application by or for the Secretary
of State or any person who is adversely affected by the failure of the company to
dissolve, the district court may decree dissolution of the company.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 86.495
What does Nevada Revised Statutes § 86.495 cover?
Section 86.495 ("Dissolution by decree of court; termination of series by decree of court") 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 § 86.495?
A common citation format is "Nevada Revised Statutes § 86.495" (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 § 86.495 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.