NRS 88.315 Definitions.
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/nv/chapter-88-uniform-limited-partnership-act/88-315·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 88.315 Definitions. As used in this chapter, unless the context otherwise requires:
1. “Certificate of limited partnership” means the certificate referred to in NRS 88.350 , and the certificate as amended or restated.
2. “Contribution” means any cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property or to perform services, which a partner contributes to a limited partnership in his or her capacity as a partner.
3. “Event of withdrawal of a general partner” means an event that causes a person to cease to be a general partner as provided in NRS 88.450 .
4. “Foreign limited partnership” means a partnership formed under the laws of a jurisdiction other than this State and having as partners one or more general partners and one or more limited partners.
5. “Foreign registered limited-liability limited partnership” means a foreign limited-liability limited partnership:
(a)Formed pursuant to an agreement governed by the laws of another state; and
(b)Registered pursuant to and complying with NRS 88.570 to 88.605 , inclusive, and 88.609 .
6. “General partner” means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner.
7. “Limited partner” means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement.
8. “Limited partnership” and “domestic limited partnership” mean a partnership formed by two or more persons under the laws of this State and having one or more general partners and one or more limited partners, including a restricted limited partnership.
9. “Partner” means a limited or general partner.
10. “Partnership agreement” means any valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business.
11. “Partnership interest” means a partner’s share of the profits and losses of a limited partnership and the right to receive distributions of partnership assets.
12. “Registered limited-liability limited partnership” means a limited partnership:
(a)Formed pursuant to an agreement governed by this chapter; and
(b)Registered pursuant to and complying with NRS 88.350 to 88.415 , inclusive, 88.548 , 88.606 , 88.6065 and 88.607 .
13. “Registered agent” has the meaning ascribed to it in NRS 77.230 .
14. “Registered office” means the office maintained at the street address of the registered agent.
15. “Restricted limited partnership” means a limited partnership organized and existing under this chapter that elects to include the optional provisions permitted by NRS 88.350 .
16. “State” means a state, territory or possession of the United States, the District of Columbia or the Commonwealth of Puerto Rico.