GroundRules
← Search the law
Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 88.485: Distribution of assets among partners.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES
  2. CHAPTER 88 - UNIFORM LIMITED PARTNERSHIP ACT
  3. DISTRIBUTIONS AND WITHDRAWAL

Distributions of cash or other assets of a limited partnership must be allocated among the partners, and among classes of partners, in the manner provided in writing in the partnership agreement. If the partnership agreement does not so provide in writing, distributions must be made on the basis of the value, as stated in the partnership records required to be kept pursuant to NRS 88.335, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.

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

Browse this collection