NRS 87A.340
Limited duties of limited partners.

1.

A limited partner does not have any fiduciary duty to the limited partnership or to any other partner solely by reason of being a limited partner.

2.

A limited partner shall discharge the duties to the partnership and the other partners under this chapter or under the partnership agreement and exercise any rights consistently with the obligation of good faith and fair dealing.

3.

A limited partner does not violate a duty or obligation under this chapter or under the partnership agreement merely because the limited partner’s conduct furthers the limited partner’s own interest.

Source: Section 87A.340 — Limited duties of limited partners., https://www.leg.state.nv.us/NRS/NRS-87A.html#NRS87ASec340.

87A.320
Becoming limited partner. 87A.325
No right or power as limited partner to bind limited partnership. 87A.330
No liability as limited partner for limited partnership obligations. 87A.335
Right of limited partner and former limited partner to information. 87A.340
Limited duties of limited partners. 87A.345
Person erroneously believing self to be limited partner.

Last Updated

Jun. 24, 2021

§ 87A.340’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_87a.340

Original Source: Section 87A.340 — Limited duties of limited partners., https://www.leg.state.nv.us/NRS/NRS-87A.html#NRS87ASec340 (last accessed Jun. 24, 2021).

NRS 87A.340 Limited duties of limited partners.

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NRS 87A.340
Limited duties of limited partners.