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

Nev. Rev. Stat. § 86.101

“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.
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Israyelyan Vs. Chavez (2020) nev “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.”
Weddell v. H2O, INC. (2012) nev “” 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.”
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