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NRS 87.434

Transferable interest of partner in partnership

Known as the Uniform Partnership Act

The act spans §§ 87–87 (136 sections).

(Added to NRS by 2005, 432)

The only transferable interest of a partner in the partnership is the partner’s share of the profits and losses of the partnership and the partner’s right to receive distributions. The interest is personal property.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.