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NRS 86.376

Liability of person who acts as alter ego of company for debts or liabilities of company

Applied in 1 court decision — leading case 140 Nev. Adv. Op. No. 26 - Ene v. Graham (2024)

Most recently applied in 140 Nev. Adv. Op. No. 26 - Ene v. Graham (April 2024)

(Added to NRS by 2019, 104)

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.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.