Nevada § 87.210 Partner accountable as fiduciary

Nevada Statutes

§ 87.210 — Partner accountable as fiduciary

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 87 Partnerships· Relations of Partners to One Another

1.Every partner must account to the partnership for any benefit and hold as trustee for it any profits derived by the partner without the consent of the other partners from any transaction connected with the formation, conduct, or liquidation of the partnership or from any use by the partner of its property.

2.This section applies also to the representatives of a deceased partner engaged in the liquidation of the affairs of the partnership as the personal representatives of the last surviving partner.

Free access — add to your briefcase to read the full text and ask questions with AI

1. Every partner must account to the partnership for any benefit and hold as trustee for it any profits derived by the partner without the consent of the other partners from any transaction connected with the formation, conduct, or liquidation of the partnership or from any use by the partner of its property.
2. This section applies also to the representatives of a deceased partner engaged in the liquidation of the affairs of the partnership as the personal representatives of the last surviving partner.

Nevada § 87.210 (Partner accountable as fiduciary) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.