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

Nev. Rev. Stat. § 86.155 (2026)

Perpetual existence of company

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NRS 86.155  Perpetual existence of company.  Unless otherwise provided in its articles of organization or operating agreement, a limited-liability company has perpetual existence.

      (Added to NRS by 1997, 714)

     

Notes of Decisions
Cited in 2 cases, 2015–2015 · leading case: Excellence Cmty. Mgmt. Vs. Gilmore, 351 P.3d 720 (Nev. 2015).
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Excellence Cmty. Mgmt. Vs. Gilmore, 351 P.3d 720 (Nev. 2015). · cites it 2× “NRS 86.155; NRS 86.201(3). Those features mandate that we treat assignability of employment agreements in a sale of the LLC membership interests like we treat assignability of employment agreements in a stock sale.”
Excellence Cmty. Mgmt. Vs. Gilmore, 351 P.3d 720 (Nev. 2015). “NRS 86.155; NRS 86.201(3). Those features mandate that we treat assignability of employment agreements in a sale of the LLC membership interests like we treat assignability of employment agreements in a stock sale.”
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