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NRS 87A.205

Business transactions of partner with partnership

Known as the Uniform Limited Partnership Act

The act spans §§ 87–87 (147 sections).

(Added to NRS by 2007, 445)

A partner may lend money to and transact other business with the limited partnership and has the same rights and obligations with respect to the loan or other transaction as a person that is not a partner.

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