Nevada § 87A.155 Nature, purpose and duration of entity; prohibition against organization for certain illegal purposes

Nevada Statutes

§ 87A.155 — Nature, purpose and duration of entity; prohibition against organization for certain illegal purposes

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 87A Uniform· GENERAL PROVISIONS

1.A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether the limited partnership has registered as a registered limited-liability limited partnership.

2.A limited partnership may be organized under this chapter for any lawful purpose. A person shall not organize 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.

3.A limited partnership has a perpetual duration.

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

1. A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether the limited partnership has registered as a registered limited-liability limited partnership.
2. A limited partnership may be organized under this chapter for any lawful purpose. A person shall not organize 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.
3. A limited partnership has a perpetual duration.

Nevada § 87A.155 (Nature, purpose and duration of entity; prohibition against organization for certain illegal purposes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.