Nevada Revised Statutes 88.317 – Applicability
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The provisions of this chapter apply to a limited partnership:
Terms Used In Nevada Revised Statutes 88.317
- 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 was formed before October 1, 2007, and which does not voluntarily elect to be governed by the provisions of chapter 87A of NRS; or
2. Which is formed on or after October 1, 2007, and which voluntarily elects to be governed by the provisions of this chapter.