LegalFix
Sign In

NRS 86.376 - Liability of person who acts as alter ego of company for debts or liabilities of company.

NV Rev Stat § 86.376 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

1. Except as otherwise specifically provided by statute or agreement, no person other than the limited-liability company is individually liable for a debt or liability of the limited-liability company unless the person acts as the alter ego of the limited-liability company.

2. A person acts as the alter ego of a limited-liability company only if:

(a) The limited-liability company is influenced and governed by the person;

(b) There is such unity of interest and ownership that the limited-liability company and the person are inseparable from each other; and

(c) Adherence to the notion of the limited-liability company being an entity separate from the person would sanction fraud or promote manifest injustice.

3. The question of whether a person acts as the alter ego of a limited-liability company must be determined by the court as a matter of law.

(Added to NRS by 2019, 104)

Previous Section
NRS 86.371 - Liability of member or manager for debts or liabilities of company.
Next Section
NRS 86.381 - Member of company is not proper party in proceeding by or against company; exception.