86.490 - Dissolution before commencement of business; limitations.

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 a certificate of dissolution to dissolve the limited-liability company.

      2.  A certificate 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)