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Code · Nevada · CHAPTER 88 - UNIFORM LIMITED PARTNERSHIP ACT

NRS 88.455 Rights, powers and liabilities.

119 words·~1 min read·/nv/chapter-88-uniform-limited-partnership-act/88-455·

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NRS 88.455 Rights, powers and liabilities.
1. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.
2. Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.
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