{"data":{"id":"us-nv/nrs-87.433","jurisdiction":"us-nv","citation":"NRS 87.433","heading":"Liability of partners.","body":"1. Except as otherwise provided in subsections 2 and 3, all partners are liable jointly and severally for all obligations of the partnership unless otherwise agreed by the claimant or provided by law.\n2. A person admitted as a partner into an existing partnership is not personally liable for any partnership obligation incurred before the person’s admission as a partner.\n3. An obligation of a partnership incurred while the partnership is a registered limited-liability partnership, whether arising in contract, tort or otherwise, is solely the obligation of the partnership. A partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or so acting as a partner. This subsection applies notwithstanding anything inconsistent in the partnership agreement that existed immediately before the filing of a certificate of registration pursuant to NRS 87.440.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 87 - PARTNERSHIPS","UNIFORM PARTNERSHIP ACT (1997)","Relations of Partners to Persons Dealing With Partnership"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-087.html#NRS087Sec433","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"032ec4d376419c44994497a32db390308dca3662ad5ff8ffc2af3d2c16cbb91f","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-87.4329","next":"us-nv/nrs-87.4331"},"notice":"GroundRules: Original legal text. Not legal advice."}