Nevada Revised Statutes 87A.535 – Governing law
Current as of: 2023 | Check for updates
|
Other versions
Subject to the Constitution of this State:
Terms Used In Nevada Revised Statutes 87A.535
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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. The laws of the state or jurisdiction under which a foreign limited partnership is organized govern its organization, internal affairs and the liability of its limited partners.
2. A foreign limited partnership may not be denied registration by reason of any difference between those laws and the laws of this State.