86.495 - Dissolution by decree of court; termination of series by decree of court. - Nevada Statutes

86.495  Dissolution by decree of court; termination of series by decree of court.

      1.  Upon application by or for a member, the district court may decree dissolution of a limited-liability company whenever it is not reasonably practicable to carry on the business of the company in conformity with the articles of organization or operating agreement.

      2.  Upon application by or for a member of a series, the district court may decree the termination of the series only, and not the dissolution of the company, whenever it is not reasonably practicable to carry on the business of the series in conformity with the articles of organization or operating agreement.

      (Added to NRS by 2001, 1385; A 2001, 3199; 2005, 2196)