Nevada Revised Statutes 87A.020 – ‘Contribution’ defined
Current as of: 2023 | Check for updates
|
Other versions
‘Contribution,’ except in the phrase ‘right of contribution,’ means any benefit provided by a person to a limited partnership in order to become a partner or in the person’s capacity as a partner.
Terms Used In Nevada Revised Statutes 87A.020
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039