Nevada § 143.520 - Continuation of partnership or other business
Full text of Nevada Nevada Revised Statutes § 143.520 — Continuation of partnership or other business, with citation guidance and answers to common questions.
§ 143.520. Continuation of partnership or other business
1. Subject to the partnership agreement, the applicable provisions of chapter 87,
87A or 88 of NRS and the decedent's will, the personal representative who has limited
authority or full authority has the power to continue as a general partner in any
partnership in which the decedent was a general partner at the time of death. 2. Subject to the operating agreement, the applicable provisions of chapter 86 of
NRS and the decedent's will, the personal representative who has limited authority
or full authority has the power to continue as a manager or managing member in any
limited-liability company in which the decedent was a manager or managing member at
the time of death. 3. The personal representative who has limited authority or full authority has the
power to continue operation of any of the following: (a) An unincorporated business or joint venture in which the decedent was engaged
at the time of death. (b) An unincorporated business or joint venture which was wholly or partly owned by
the decedent at the time of death. 4. The personal representative who has limited authority or full authority has the
power to continue to exercise any shareholder, partnership or membership rights owned
by the decedent at the time of death to which the personal representative has succeeded
during the administration of the estate. 5. Except as otherwise provided in subsection 6, the personal representative may exercise
the powers described in subsections 1 to 4, inclusive, without giving notice of the
proposed action pursuant to NRS 143.700 to 143.760 , inclusive. 6. The personal representative shall give notice of a proposed action pursuant to NRS 143.700 to 143.760 , inclusive, if the personal representative continues as a general partner under subsection
1 or a manager or managing member under subsection 2, or continues the operation of
any unincorporated business or joint venture under subsection 3, for a period of more
than 6 months after the date on which letters are first issued to a personal representative.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 143.520
What does Nevada Revised Statutes § 143.520 cover?
Section 143.520 ("Continuation of partnership or other business") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 143.520?
A common citation format is "Nevada Revised Statutes § 143.520" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 143.520 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.