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Statute 86 301 — Nevada Law | CourtGPT
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Nevada Legal Code

Statute 86 301

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Except as otherwise provided in this chapter, the articles of organization or the operating agreement, no debt may be contracted or liability incurred by or on behalf of a limited-liability company or any series thereof except by: 1. One or more managers of a company or series which is managed by a manager or managers; 2. Any member of a company or series which is managed by its members; 3. Any agent, officer, employee or other representative of the company or series, as authorized in the operating agreement or in another writing by a manager or managers, if the company or series is managed by a manager or managers; or 4. Any agent, officer, employee or other representative of the company or series authorized in the operating agreement or in another writing by a member thereof, if the company or series is managed by its members. (Added to NRS by 1991, 1300; A 1997, 719; 1999, 1615; 2001, 1391, 3199; 2003, 3140; 2019, 106)