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Code · Nevada · CHAPTER 87 - PARTNERSHIPS

NRS 87.210 Partner accountable as fiduciary.

90 words·~1 min read·/nv/chapter-87-partnerships/87-210

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NRS 87.210 Partner accountable as fiduciary.
1. Every partner must account to the partnership for any benefit and hold as trustee for it any profits derived by the partner without the consent of the other partners from any transaction connected with the formation, conduct, or liquidation of the partnership or from any use by the partner of its property.
2. This section applies also to the representatives of a deceased partner engaged in the liquidation of the affairs of the partnership as the personal representatives of the last surviving partner.
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