Business which may be carried on; prohibition against formation of limited partnership for certain illegal purposes
Known as the Uniform Limited Partnership Act
The act spans §§ 88–88 (109 sections).
(Added to NRS by 1987, 78; A 2013, 881)
1. A limited partnership may carry on any business that a partnership without limited partners may carry on except banking or insurance.
2. A person shall not form a limited partnership for any illegal purpose or with the fraudulent intent to conceal any business activity, or lack thereof, from another person or a governmental agency.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.