{"data":{"id":"us-nv/nrs-87a.365","jurisdiction":"us-nv","citation":"NRS 87A.365","heading":"Liability of general partner.","body":"1. Except as otherwise provided in subsections 2 and 3, all general partners are liable jointly and severally for all obligations of the limited partnership unless otherwise agreed by the claimant or provided by law.\n2. A person that becomes a general partner of an existing limited partnership is not personally liable for an obligation of a limited partnership incurred before the person became a general partner.\n3. An obligation of a limited partnership incurred while the limited partnership is a registered limited-liability limited partnership, whether arising in contract, tort or otherwise, is solely the obligation of the limited partnership. A general partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or acting as a general partner. This subsection applies despite anything inconsistent in the partnership agreement that existed immediately before the consent required to become a registered limited-liability limited partnership under paragraph (b) of subsection 2 of NRS 87A.375.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 87A - UNIFORM LIMITED PARTNERSHIP ACT (2001)","GENERAL PARTNERS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-087A.html#NRS087ASec365","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"e22d9a3ba1976b3daef4dfd5448a9037a99c77d33314301c1050cc8f79d789d6","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-87a.360","next":"us-nv/nrs-87a.370"},"notice":"GroundRules: Original legal text. Not legal advice."}