NRS 87A.440
Effect of withdrawal as limited partner.

1.

Upon a person’s withdrawal as a limited partner:

(a)

Subject to NRS 87A.485, the person does not have further rights as a limited partner;

(b)

The person’s obligation of good faith and fair dealing as a limited partner under subsection 2 of NRS 87A.340 continues only as to matters arising and events occurring before the withdrawal; and

(c)

Subject to NRS 87A.485 and the provisions of chapter 92A of NRS, any transferable interest owned by the person in the person’s capacity as a limited partner immediately before withdrawal is owned by the person as a mere transferee.

2.

A person’s withdrawal as a limited partner does not of itself discharge the person from any obligation to the limited partnership or the other partners which the person incurred while a limited partner.

Source: Section 87A.440 — Effect of withdrawal as limited partner., https://www.­leg.­state.­nv.­us/NRS/NRS-87A.­html#NRS87ASec440.

Last Updated

Jun. 24, 2021

§ 87A.440’s source at nv​.us