Nevada § 86.5425 - Compensation, costs and expenses of receiver
Full text of Nevada Nevada Revised Statutes § 86.5425 — Compensation, costs and expenses of receiver, with citation guidance and answers to common questions.
§ 86.5425. Compensation, costs and expenses of receiver
Before distribution of the assets of an insolvent limited-liability company among
the creditors or members, the district court shall allow a reasonable compensation
to the receiver for his or her services and the costs and expenses of the administration
of the trust, and the cost of the proceedings in the court, to be first paid out of
the assets.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 86.5425
What does Nevada Revised Statutes § 86.5425 cover?
Section 86.5425 ("Compensation, costs and expenses of receiver") 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 § 86.5425?
A common citation format is "Nevada Revised Statutes § 86.5425" (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 § 86.5425 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.