Nev. Rev. Stat. » NRS: CHAPTER 86 - LIMITED-LIABILITY COMPANIES
Nevada Revised Statutes

Nev. Rev. Stat. § 86.101 (2026)

“Operating agreement” defined

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NRS 86.101  “Operating agreement” defined.  “Operating agreement” means any valid agreement of the members as to the affairs of a limited-liability company and the conduct of its business, whether in any tangible or electronic format.

      (Added to NRS by 1991, 1293; A 2011, 779)

     

Notes of Decisions
Cited in 2 cases, 2012–2020 · leading case: Weddell v. H2O, INC., 271 P.3d 743 (Nev. 2012).
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Weddell v. H2O, INC., 271 P.3d 743 (Nev. 2012). “” NRS 86.101. 6 Unless the articles of organization or operating agreement provide otherwise, management of a limited-liability company is vested in its members in proportion to their contribution to capital.”
Israyelyan Vs. Chavez, No. 78415 (Nev. July 1, 2020). “See NRS 86.101 (defining "operating agreement'' as "any valid agreement of the members as to the affairs of a limited-liability company and the conduct of its business, whether in any tangible or electronic formar); see also NRS 86.”
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