NRS
86.490 Dissolution before commencement of business; limitations.
1. Before the commencement of business by
any limited-liability company where management is vested in one or more
managers and where no member’s interest in the limited-liability company has
been issued, at least two-thirds of the organizers or the managers of the
limited-liability company may dissolve the limited-liability company by filing
with the Secretary of State articles of dissolution to dissolve the
limited-liability company.
2. Any articles of dissolution filed with
the Secretary of State pursuant to subsection 1 must state that:
(a) The management of the limited-liability
company is vested in one or more managers;
(b) The limited-liability company has not
commenced business; and
(c) No member’s interest in the limited-liability
company has been issued.
(Added to NRS by 2007,
2424; A 2025,
808)
Notes of Decisions
Cited in
1
case, 2014–2014 · leading case:
In re Go Global, Inc., No. NV-12-1596-JuKiKu (B.A.P. 9th Cir. Jan. 13, 2014).
In re Go Global, Inc., No. NV-12-1596-JuKiKu (B.A.P. 9th Cir. Jan. 13, 2014).
· cites it 3× “Again, Appellants do not contend that 14 they did not owe Go Global fiduciary duties; rather, they assert 15 that Paulson did not breach those duties because he complied 16 with NRS 86.490(1). Specifically, at the time of the 17 dissolution, Paulson held 40% interest and both…”
Nev. Rev. Stat. § 86.490(1): 1 case
In re Go Global, Inc., No. NV-12-1596-JuKiKu (B.A.P. 9th Cir. Jan. 13, 2014).
“Again, Appellants do not contend that 14 they did not owe Go Global fiduciary duties; rather, they assert 15 that Paulson did not breach those duties because he complied 16 with NRS 86.490(1). Specifically, at the time of the 17 dissolution, Paulson held 40% interest and both…”
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