Distributions: Form; status of member or transferee.
Nev. Rev. Stat. § 86.346
in effect1. Unless otherwise provided in the operating agreement, a member, regardless of the nature of the members contributions, or a transferee, regardless of the nature of the contributions of the transferees predecessor, has no right to demand or receive any distribution from a limited-liability company in any form other than cash.
2. Except as otherwise provided in NRS 86.391 and 86.521 , and unless otherwise provided in the operating agreement, at the time a member or transferee becomes entitled to receive a distribution the member or transferee has the status of and is entitled to all remedies available to a creditor of the company with respect to the distribution.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-086.htmlFetched: 10/4/2026