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Code · Nevada · CHAPTER 87A - UNIFORM LIMITED PARTNERSHIP ACT (2001)

NRS 87A.210 Dual capacity.

102 words·~1 min read·/nv/chapter-87a-uniform-limited-partnership-act-2001/87a-210·

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NRS 87A.210 Dual capacity. A person may be both a general partner and a limited partner. A person that is both a general and limited partner has the rights, powers, duties and obligations provided by this chapter and the partnership agreement in each of those capacities. When the person acts as a general partner, the person is subject to the obligations, duties and restrictions under this chapter and the partnership agreement for general partners. When the person acts as a limited partner, the person is subject to the obligations, duties and restrictions under this chapter and the partnership agreement for limited partners.
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