Effect on limited-liability company, partnership or corporation of revocation or suspension of license of manager, partner or officer; termination of suspension or reinstatement of license.
Nev. Rev. Stat. § 645.670
in effectIn the event of the revocation or suspension of the license issued to a manager of a limited-liability company, a member of a partnership or to any officer of a corporation, the limited-liability company, partnership or corporation shall not conduct business unless the manager or member whose license has been revoked is severed and his or her interest in the limited-liability company or partnership and his or her share in its activities brought to an end, or if a corporation, the offending officer is discharged and has no further participation in its activities. The discharged or withdrawing manager, member or officer of such a limited-liability company, partnership or corporation may reassume his or her connection with, or be reengaged by the limited-liability company, partnership or corporation, upon termination of the suspension or upon reinstatement of his or her license.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-645.htmlFetched: 10/4/2026