Nevada Revised Statutes 87.4314 – Applicability
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The provisions of NRS 87.4301 to 87.4357, inclusive, apply to a partnership:
Terms Used In Nevada Revised Statutes 87.4314
- 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 voluntarily elects 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 does not voluntarily elect to be governed by the provisions of NRS 87.010 to 87.430, inclusive.