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

Nev. Rev. Stat. § 86.281 (2026)

General powers

✓ current as of July 2026
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NRS 86.281  General powers.  A limited-liability company organized and existing pursuant to this chapter, or any series thereof, may exercise the powers and privileges granted by this chapter and may:

      1.  Sue and be sued, complain and defend, in its name;

      2.  Purchase, take, receive, lease or otherwise acquire, own, hold, improve, use and otherwise deal in and with real or personal property, or an interest in it, wherever situated;

      3.  Sell, convey, mortgage, pledge, lease, exchange, transfer and otherwise dispose of all or any part of its property and assets;

      4.  Lend money to and otherwise assist its members;

      5.  Purchase, take, receive, subscribe for or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge or otherwise dispose of, and otherwise use and deal in and with shares, member’s interests or other interests in or obligations of domestic or foreign limited-liability companies, domestic or foreign corporations, joint ventures or similar associations, general or limited partnerships or natural persons, or direct or indirect obligations of the United States or of any government, state, territory, governmental district or municipality or of any instrumentality of it;

      6.  Make contracts and guarantees and incur liabilities, borrow money at such rates of interest as the company may determine, issue its notes, bonds and other obligations and secure any of its obligations by mortgage or pledge of all or any part of its property, franchises and income;

      7.  Lend, invest and reinvest its money and take and hold real property and personal property for the payment of money so loaned or invested;

      8.  Conduct its business, carry on its operations and have and exercise the powers granted by this chapter in any state, territory, district or possession of the United States, or in any foreign country;

      9.  Appoint managers and agents, define their duties and fix their compensation;

      10.  Cease its activities and terminate its existence in accordance with this chapter;

      11.  Exercise all powers necessary or convenient to effect any of the purposes for which the company or series is organized; and

      12.  Hold a license issued pursuant to the provisions of chapter 463 of NRS.

      (Added to NRS by 1991, 1297; A 1993, 2011; 1997, 718; 2001, 1390, 3199; 2019, 106)

     

Notes of Decisions
Cited in 3 cases (2 in the last 5 years), 2010–2024 · leading case: Aa Primo Builders, LLC v. Washington, 245 P.3d 1190 (Nev. 2010).
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Aa Primo Builders, LLC v. Washington, 245 P.3d 1190 (Nev. 2010). · cites it 5× “281(1), parenthetically describes it as “providing that only ‘organized and existing’ companies may ‘sue and be sued’ ” (emphasis added), and fallaciously concludes that “per the plain, express language of the enabling statute of NRS 86.281,” a revoked LLC cannot “bring or…”
Fed. Hous. Fin. Agency v. Saticoy Bay LLC (Nev. 2023). · cites it 3× “296, the statute provides that "[a] limited-liability company ... or any series thereof .”
Patricia Huffman (Tax Ct. 2024). “See Nev. Rev. Stat. § 86.281 (2010). Respondent asserts that Chet was not a party to the Dukes- TransDigm agreement.”
— Nev. Rev. Stat. § 86.281(1) — 2 cases
Aa Primo Builders, LLC v. Washington, 245 P.3d 1190 (Nev. 2010). “281(1), parenthetically describes it as “providing that only ‘organized and existing’ companies may ‘sue and be sued’ ” (emphasis added), and fallaciously concludes that “per the plain, express language of the enabling statute of NRS 86.281,” a revoked LLC cannot “bring or…”
Fed. Hous. Fin. Agency v. Saticoy Bay LLC (Nev. 2023). “296, the statute provides that "[a] limited-liability company ... or any series thereof .”
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