Nevada § 86.301 Limitation on authority to contract debt or incur liability

Nevada Statutes

§ 86.301 — Limitation on authority to contract debt or incur liability

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 86 Limited-Liability· OPERATION

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 comp

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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.

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