Nevada Revised Statutes 87A.035 – ‘Distribution’ defined
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‘Distribution’ means a transfer of money or other property from a limited partnership to a partner in the partner’s capacity as a partner or to a transferee on account of a transferable interest owned by the transferee.
Terms Used In Nevada Revised Statutes 87A.035
- 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.