Nevada Revised Statutes 87.025 – Applicability
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The provisions of NRS 87.010 to 87.430, inclusive, apply to a partnership:
Terms Used In Nevada Revised Statutes 87.025
- 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.
1. Which was formed before July 1, 2006, and which does not voluntarily elect to be governed by the provisions of NRS 87.4301 to 87.4357, inclusive; or
2. Which is formed on or after July 1, 2006, and which voluntarily elects to be governed by the provisions of NRS 87.010 to 87.430, inclusive.