Nevada § 86.5414 - Company may resume control upon payment of debts and receipt of capital to conduct business; order of court dissolving company and forfeiting charter
Full text of Nevada Nevada Revised Statutes § 86.5414 — Company may resume control upon payment of debts and receipt of capital to conduct business; order of court dissolving company and forfeiting charter, with citation guidance and answers to common questions.
§ 86.5414. Company may resume control upon payment of debts and receipt of capital to conduct business; order of court dissolving company and forfeiting charter
1. Whenever a receiver shall have been appointed pursuant to NRS 86.5412 and it shall afterwards appear that the debts of the limited-liability company have
been paid or provided for, and that there remains or can be obtained by further contributions
sufficient capital to enable it to resume its business, the district court may, in
its discretion, a proper case being shown, direct the receiver to reconvey to the
company all its property, franchises, rights and effects, and thereafter the company
may resume control of and enjoy the same as fully as if the receiver had never been
appointed. 2. In every case in which the district court shall not direct such reconveyance, the
court may, in its discretion, make a decree dissolving the company and declaring its
charter forfeited and void.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 86.5414
What does Nevada Revised Statutes § 86.5414 cover?
Section 86.5414 ("Company may resume control upon payment of debts and receipt of capital to conduct business; order of court dissolving company and forfeiting charter") 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 § 86.5414?
A common citation format is "Nevada Revised Statutes § 86.5414" (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 § 86.5414 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.