Nev. Rev. Stat. § 86.055

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 86.055 - "In interest" defined

"In interest," when used in reference to a stated proportion and:

1. In reference to a limited-liability company, means such proportion of the total contributions of the members to the capital of the limited-liability company, as adjusted from time to time to properly reflect any additional contributions or withdrawals by the members.

2. In reference to a series, means such proportion of the total contributions of the members to the capital of the series, as adjusted from time to time to properly reflect any additional contributions or withdrawals from the series by the members associated with the series.

NRS 86.055

Added to NRS by 2021, 1513

Added by 2021, Ch. 281,§18, eff. 10/1/2021.