Nevada § 86.541 - Filing and effectiveness of articles of dissolution; powers of trustees of dissolved company
Full text of Nevada Nevada Revised Statutes § 86.541 — Filing and effectiveness of articles of dissolution; powers of trustees of dissolved company, with citation guidance and answers to common questions.
§ 86.541. Filing and effectiveness of articles of dissolution; powers of trustees of dissolved company
1. The signed articles of dissolution must be filed with the Secretary of State. Articles of dissolution are effective at the time of the filing of the articles
with the Secretary of State or upon a later date and time as specified in the articles,
which date must not be more than 90 days after the date on which the articles are
filed. If the articles filed pursuant to this section specify a later effective date but
do not specify an effective time, the articles are effective at 12:01 a.m. in the
Pacific time zone on the specified later date. 2. The manager or managers in office at the time of dissolution, or the members,
if there are no managers, or the personal representatives, are thereafter trustees
of the dissolved company, with full power to prosecute and defend suits, actions,
proceedings and claims of any kind or character by or against the company, to enable
the company gradually to settle and close its business, to collect its assets, to
collect and discharge its obligations, to dispose of and convey its property, to distribute
its money and other property among the members, after paying or adequately providing
for the payment of its liabilities and obligations, and to do every other act to wind
up and liquidate its business and affairs, but not for the purpose of continuing the
business for which the company was established.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 86.541
What does Nevada Revised Statutes § 86.541 cover?
Section 86.541 ("Filing and effectiveness of articles of dissolution; powers of trustees of dissolved 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 § 86.541?
A common citation format is "Nevada Revised Statutes § 86.541" (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 § 86.541 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.