Nevada Revised Statutes 87A.320 – Becoming limited partner
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A person becomes a limited partner:
Terms Used In Nevada Revised Statutes 87A.320
- 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. As provided in the partnership agreement;
2. As the result of a conversion or merger under chapter 92A of NRS; or
3. With the consent of all the partners.