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Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 87A.420: Right to distribution.

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Where this section sits in the code
  1. TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES
  2. CHAPTER 87A - UNIFORM LIMITED PARTNERSHIP ACT (2001)
  3. CONTRIBUTIONS AND DISTRIBUTIONS

When a partner or transferee becomes entitled to receive a distribution, the partner or transferee has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. However, the limited partnership’s obligation to make a distribution is subject to offset for any amount owed to the limited partnership by the partner or withdrawn partner on whose account the distribution is made.

Collected 2026-09-03T05:51:31Z. Source file · JSON

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