{"data":{"id":"us-nv/nrs-87a.155","jurisdiction":"us-nv","citation":"NRS 87A.155","heading":"Nature, purpose and duration of entity; prohibition against organization for certain illegal purposes.","body":"1. A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether the limited partnership has registered as a registered limited-liability limited partnership.\n2. A limited partnership may be organized under this chapter for any lawful purpose. A person shall not organize a limited partnership for any illegal purpose or with the fraudulent intent to conceal any business activity, or lack thereof, from another person or a governmental agency.\n3. A limited partnership has a perpetual duration.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 87A - UNIFORM LIMITED PARTNERSHIP ACT (2001)","GENERAL PROVISIONS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-087A.html#NRS087ASec155","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"ea29ede005da02b831b0ba59243e60044d2dfe6ce8c51db9d25e5889230a4d64","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-87a.150","next":"us-nv/nrs-87a.160"},"notice":"GroundRules: Original legal text. Not legal advice."}