Nevada Revised Statutes
Chapter 87A - Uniform Limited Partnership Act (2001)
NRS 87A.205 - Business transactions of partner with partnership.

A partner may lend money to and transact other business with the limited partnership and has the same rights and obligations with respect to the loan or other transaction as a person that is not a partner.
(Added to NRS by 2007, 445)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 87A - Uniform Limited Partnership Act (2001)

NRS 87A.005 - Short title.

NRS 87A.010 - Definitions.

NRS 87A.015 - "Certificate of limited partnership" defined.

NRS 87A.020 - "Contribution" defined.

NRS 87A.025 - "Debtor in bankruptcy" defined.

NRS 87A.030 - "Designated office" defined.

NRS 87A.035 - "Distribution" defined.

NRS 87A.040 - "Foreign limited partnership" defined.

NRS 87A.045 - "Foreign registered limited-liability limited partnership" defined.

NRS 87A.050 - "General partner" defined.

NRS 87A.055 - "Limited partner" defined.

NRS 87A.060 - "Limited partnership" defined.

NRS 87A.065 - "Partner" defined.

NRS 87A.070 - "Partnership agreement" defined.

NRS 87A.075 - "Person" defined.

NRS 87A.080 - "Person withdrawn as a general partner" defined.

NRS 87A.085 - "Principal office" defined.

NRS 87A.095 - "Registered agent" defined.

NRS 87A.100 - "Registered limited-liability limited partnership" defined.

NRS 87A.105 - "Required information" defined.

NRS 87A.108 - "Restricted limited partnership" defined.

NRS 87A.120 - "State" defined.

NRS 87A.130 - "Transfer" defined.

NRS 87A.135 - "Transferable interest" defined.

NRS 87A.140 - "Transferee" defined.

NRS 87A.145 - Applicability.

NRS 87A.147 - Secretary of State authorized to adopt certain regulations to allow limited partnership to carry out powers and duties through most recent technology.

NRS 87A.150 - Knowledge and notice.

NRS 87A.155 - Nature, purpose and duration of entity; prohibition against organization for certain illegal purposes.

NRS 87A.160 - Powers.

NRS 87A.165 - Governing law.

NRS 87A.170 - Supplemental principles of law; rate of interest.

NRS 87A.175 - Name of partnership: Distinguishable name required; limitations; availability of name of forfeited, merged or otherwise terminated partnership; regulations.

NRS 87A.180 - Name of partnership: Reservation; transfer of right to exclusive use of reserved name.

NRS 87A.185 - Name of partnership: Reinstatement or revival under old or new name; regulations.

NRS 87A.190 - Effect of partnership agreement; nonwaivable provisions.

NRS 87A.195 - Information required to be maintained at principal office in State or with custodian of records.

NRS 87A.200 - Statement to be maintained at principal office or with custodian of records; requirement to assist in criminal investigation; failure to comply; regulations.

NRS 87A.203 - Manner of storage of records; conversion of electronic records into clear and legible paper form; admissibility in evidence of electronic records.

NRS 87A.205 - Business transactions of partner with partnership.

NRS 87A.210 - Dual capacity.

NRS 87A.215 - Registered agent required; maintenance of records at principal office in State or with custodian of records; change of address.

NRS 87A.220 - Registered agent: Revocation of appointment; change of name.

NRS 87A.225 - Resignation of registered agent or termination of registration of commercial registered agent.

NRS 87A.230 - Consent and proxies of partners.

NRS 87A.235 - Formation of limited partnership; certificate of limited partnership.

NRS 87A.237 - Penalty for purporting to do business as limited partnership without registration; enforcement; regulations.

NRS 87A.240 - Amendment or restatement of certificate.

NRS 87A.245 - Statement of termination.

NRS 87A.250 - Signing of records.

NRS 87A.255 - Signing and filing pursuant to judicial order.

NRS 87A.260 - Form required for filing of records.

NRS 87A.265 - Procedure to submit replacement page to Secretary of State before actual filing of record.

NRS 87A.270 - Filing of records written in language other than English.

NRS 87A.275 - Correction of inaccurate or defective record filed with Secretary of State; cancellation of filings.

NRS 87A.280 - Partnership records: Microfilming; imaging; return.

NRS 87A.285 - Liability for false information in filed record.

NRS 87A.290 - Annual list: Filing requirements; fees; notice; regulations.

NRS 87A.295 - Additional filing requirements for certain partnerships: Criteria; statement; fees.

NRS 87A.300 - Certificate of authorization to transact business; identification of defaulting partnerships; reinstatement of partnership which is unit-owners’ association; forfeiture and penalty.

NRS 87A.305 - Defaulting partnerships: Duties of Secretary of State; revocation of certificate; assets held in trust.

NRS 87A.310 - Defaulting partnerships: Conditions and procedure for reinstatement.

NRS 87A.313 - Renewal or revival of certificate: Procedure; fee; certificate as evidence; status of partnership.

NRS 87A.315 - Fees.

NRS 87A.320 - Becoming limited partner.

NRS 87A.325 - No right or power as limited partner to bind limited partnership.

NRS 87A.330 - No liability as limited partner for limited partnership obligations.

NRS 87A.335 - Right of limited partner and former limited partner to information.

NRS 87A.340 - Limited duties of limited partners.

NRS 87A.345 - Person erroneously believing self to be limited partner.

NRS 87A.350 - Becoming general partner.

NRS 87A.355 - General partner agent of limited partnership.

NRS 87A.360 - Limited partnership liable for actionable conduct of general partner.

NRS 87A.365 - Liability of general partner.

NRS 87A.370 - Actions by and against partnership and partners.

NRS 87A.375 - Management rights of general partner.

NRS 87A.380 - Right of general partner and former general partner to information.

NRS 87A.385 - General standards of conduct of general partner.

NRS 87A.390 - Form of contribution.

NRS 87A.395 - Liability for contribution.

NRS 87A.400 - Sharing of distributions.

NRS 87A.405 - Interim distributions.

NRS 87A.410 - No distribution on account of withdrawal.

NRS 87A.415 - Distribution in kind.

NRS 87A.420 - Right to distribution.

NRS 87A.425 - Limitations on distribution.

NRS 87A.427 - Limitations on distributions applicable to restricted limited partnerships.

NRS 87A.430 - Liability for improper distributions.

NRS 87A.435 - Withdrawal as limited partner.

NRS 87A.440 - Effect of withdrawal as limited partner.

NRS 87A.445 - Withdrawal as general partner.

NRS 87A.450 - Power of person to withdraw as general partner; wrongful withdrawal.

NRS 87A.455 - Effect of withdrawal as general partner.

NRS 87A.460 - Power to bind and liability to limited partnership before dissolution of partnership of person withdrawn as general partner.

NRS 87A.465 - Liability to other persons of person withdrawn as general partner.

NRS 87A.470 - Transferable interest of partner.

NRS 87A.475 - Transfer of transferable interest of partner.

NRS 87A.480 - Rights and remedies of creditor of partner.

NRS 87A.485 - Power of estate of deceased partner.

NRS 87A.488 - Dissolution of partnership whose certificate has been revoked without additional fees and penalties; regulations.

NRS 87A.490 - Nonjudicial dissolution.

NRS 87A.495 - Judicial dissolution.

NRS 87A.500 - Winding up.

NRS 87A.505 - Power of general partner and person withdrawn as general partner to bind partnership after dissolution.

NRS 87A.510 - Liability after dissolution of general partner and person withdrawn as general partner to limited partnership, other general partners and persons withdrawn as general partner.

NRS 87A.515 - Known claims against dissolved limited partnership.

NRS 87A.520 - Other claims against dissolved limited partnership.

NRS 87A.525 - Liability of general partner and person withdrawn as general partner when claim against limited partnership barred.

NRS 87A.530 - Disposition of assets; when contributions are required.

NRS 87A.535 - Governing law.

NRS 87A.540 - Filing requirements; prohibition against registration for certain illegal purposes; required provisions of application for registration.

NRS 87A.545 - Issuance of certificate of registration by Secretary of State.

NRS 87A.550 - Registration of name.

NRS 87A.555 - Amendments to application for registration.

NRS 87A.560 - Annual list: Filing requirements; fees; powers and duties of Secretary of State; regulations.

NRS 87A.565 - Additional filing requirements for certain partnerships: Criteria; statement; fees.

NRS 87A.570 - Certificate of authorization to transact business.

NRS 87A.575 - Addresses of general partners required; failure to file.

NRS 87A.580 - List or statement to be maintained at principal office in State or with custodian of records; requirement to assist in criminal investigation; failure to comply; regulations.

NRS 87A.585 - Defaulting partnerships: Identification; forfeiture of right to transact business; penalty.

NRS 87A.590 - Defaulting partnerships: Duties of Secretary of State.

NRS 87A.595 - Defaulting partnerships: Conditions and procedure for reinstatement.

NRS 87A.600 - Defaulting partnerships: Reinstatement or revival under old or new name; regulations.

NRS 87A.602 - Cancellation of registration without additional fees and penalties; regulations.

NRS 87A.605 - Cancellation of registration.

NRS 87A.607 - Renewal or revival of right to transact business: Procedure; fee; certificate as evidence; status of partnership.

NRS 87A.610 - Penalty for transacting business without registration; enforcement; regulations.

NRS 87A.615 - Activities not constituting transaction of business.

NRS 87A.620 - Determination of whether solicitation is made or accepted.

NRS 87A.625 - Action by Attorney General to restrain transaction of business.

NRS 87A.630 - Filing requirements; prohibition against registration for certain illegal purposes; required and optional provisions of certificate of registration.

NRS 87A.632 - Penalty for purporting to do business as registered limited-liability limited partnership without registration; enforcement; regulations.

NRS 87A.635 - Name of partnership: Distinguishable name required; limitations; availability of name of forfeited, merged or otherwise terminated partnership; regulations.

NRS 87A.640 - List or statement to be maintained at principal place of business or with custodian of records; requirement to assist in criminal investigation; failure to comply; regulations.

NRS 87A.645 - Termination of registration.

NRS 87A.650 - Status of partnership and liability of partners not affected by errors in certain filed information.

NRS 87A.652 - Penalty for purporting to transact business as foreign registered limited-liability limited partnership without registration; enforcement; regulations.

NRS 87A.655 - Name of foreign partnership.

NRS 87A.660 - Direct action by partner.

NRS 87A.665 - Derivative action.

NRS 87A.670 - Proper plaintiff.

NRS 87A.675 - Pleading.

NRS 87A.680 - Proceeds and expenses.

NRS 87A.685 - Uniformity of application and construction.

NRS 87A.690 - Relation to Electronic Signatures in Global and National Commerce Act.

NRS 87A.695 - Provisions for existing partnerships.

NRS 87A.700 - Operation of domestic partnership in another jurisdiction.