NRS 87A.155
Nature, purpose and duration of entity

  • prohibition against organization for certain illegal purposes.

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.

2.

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.

3.

A limited partnership has a perpetual duration.

Source: Section 87A.155 — Nature, purpose and duration of entity; prohibition against organization for certain illegal purposes., https://www.­leg.­state.­nv.­us/NRS/NRS-87A.­html#NRS87ASec155.

87A.005
Short title. 87A.010
Definitions. 87A.015
“Certificate of limited partnership” defined. 87A.020
“Contribution” defined. 87A.025
“Debtor in bankruptcy” defined. 87A.030
“Designated office” defined. 87A.035
“Distribution” defined. 87A.040
“Foreign limited partnership” defined. 87A.045
“Foreign registered limited-liability limited partnership” defined. 87A.050
“General partner” defined. 87A.055
“Limited partner” defined. 87A.060
“Limited partnership” defined. 87A.065
“Partner” defined. 87A.070
“Partnership agreement” defined. 87A.075
“Person” defined. 87A.080
“Person withdrawn as a general partner” defined. 87A.085
“Principal office” defined. 87A.095
“Registered agent” defined. 87A.100
“Registered limited-liability limited partnership” defined. 87A.105
“Required information” defined. 87A.108
“Restricted limited partnership” defined. 87A.120
“State” defined. 87A.130
“Transfer” defined. 87A.135
“Transferable interest” defined. 87A.140
“Transferee” defined. 87A.145
Applicability. 87A.147
Secretary of State authorized to adopt certain regulations to allow limited partnership to carry out powers and duties through most recent technology. 87A.150
Knowledge and notice. 87A.155
Nature, purpose and duration of entity 87A.160
Powers. 87A.165
Governing law. 87A.170
Supplemental principles of law 87A.175
Name of partnership: Distinguishable name required 87A.180
Name of partnership: Reservation 87A.185
Name of partnership: Reinstatement or revival under old or new name 87A.190
Effect of partnership agreement 87A.195
Information required to be maintained at principal office in State or with custodian of records. 87A.200
Statement to be maintained at principal office or with custodian of records 87A.203
Manner of storage of records 87A.205
Business transactions of partner with partnership. 87A.210
Dual capacity. 87A.215
Registered agent required 87A.220
Registered agent: Revocation of appointment 87A.225
Resignation of registered agent or termination of registration of commercial registered agent. 87A.230
Consent and proxies of partners.
Last Updated

Feb. 5, 2021

§ 87A.155’s source at nv​.us