Nevada Revised Statutes 86.371 – Liability of member or manager for debts or liabilities of company
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Unless otherwise provided in the articles of organization or an agreement signed by the member or manager to be charged, no member or manager of any limited-liability company formed under the laws of this State is individually liable for the debts or liabilities of the company.
Terms Used In Nevada Revised Statutes 86.371
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.