Nevada Revised Statutes 87A.050 – ‘General partner’ defined
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‘General partner’ means:
Terms Used In Nevada Revised Statutes 87A.050
- 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
1. With respect to a limited partnership, a person that:
(a) Becomes a general partner under NRS 87A.350; or
(b) Was a general partner in a limited partnership subject to chapter 88 of NRS when the limited partnership voluntarily elected to become subject to this chapter; and
2. With respect to a foreign limited partnership, a person that has rights, powers and obligations similar to those of a general partner in a limited partnership.