NRS 87.4337 Actions by partnership and partners.

229 words·~1 min read·/nv/chapter-87-partnerships/87-4337

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.

2. A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to:

(a)Enforce the partner’s rights under the partnership agreement;

(b)Enforce the partner’s rights under NRS 87.4301 to 87.4357 , inclusive, including:

(1)The partner’s rights under NRS 87.4333 , 87.4335 or 87.4336 ;

(2)The partner’s right on dissociation to have the partner’s interest in the partnership purchased pursuant to NRS 87.4346 or enforce any other right under NRS 87.4343 to 87.435 , inclusive; or

(3)The partner’s right to compel a dissolution and winding up of the partnership business under NRS 87.4351 or enforce any other right under NRS 87.4351 to 87.4357 , inclusive; or

(c)Enforce the rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship.

3. The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.