{"data":{"id":"us-nv/nrs-87.4345","jurisdiction":"us-nv","citation":"NRS 87.4345","heading":"Effect of dissociation.","body":"1. If a partner’s dissociation results in a dissolution and winding up of the partnership business, the provisions of NRS 87.4351 to 87.4357, inclusive, apply. If a partner’s dissociation does not result in a dissolution and winding up of the partnership business, the provisions of NRS 87.4346 to 87.435, inclusive, apply.\n2. Upon a partner’s dissociation:\n(a) The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in NRS 87.4353;\n(b) The partner’s duty of loyalty under paragraph (c) of subsection 2 of NRS 87.4336 terminates; and\n(c) The partner’s duty of loyalty under paragraphs (a) and (b) of subsection 2 of NRS 87.4336 and duty of care under subsection 3 of NRS 87.4336 continue only with regard to matters arising and events occurring before the partner’s dissociation, unless the partner participates in winding up the partnership’s business pursuant to NRS 87.4353.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 87 - PARTNERSHIPS","UNIFORM PARTNERSHIP ACT (1997)","Dissociation of Partner When Business Not Wound Up"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-087.html#NRS087Sec4345","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"6395ca863e99d38cfa8c81e2a9ad7b17a3176c27ee27dc494022bd125b612b3a","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-87.4344","next":"us-nv/nrs-87.4346"},"notice":"GroundRules: Original legal text. Not legal advice."}