Nevada § 87.150 - Nature of partner's liability
Full text of Nevada Nevada Revised Statutes § 87.150 — Nature of partner's liability, with citation guidance and answers to common questions.
§ 87.150. Nature of partner's liability
1. Except as otherwise provided in subsection 2, all partners are liable: (a) Jointly and severally for everything chargeable to the partnership under NRS 87.130 and 87.140 . (b) Jointly for all other debts and obligations of the partnership; but any partner
may enter into a separate obligation to perform a partnership contract. 2. Subject to subsection 3, a partner in a registered limited-liability partnership
is not liable directly or indirectly, by way of indemnification, contribution, assessment
or otherwise, for debts, obligations or liabilities of or chargeable to the partnership,
whether in contract, tort or otherwise, arising from omissions, negligence, wrongful
acts, misconduct or malpractice committed while the partnership is a registered limited-liability
partnership and in the course of the partnership business by another partner or an
employee, agent or representative of the partnership. 3. Subsection 2 does not affect the liability of a partner in a registered limited-liability
partnership for his or her own omissions, negligence, wrongful acts, misconduct or
malpractice or that of any person under his or her direct supervision and control. 4. A partner in a registered limited-liability partnership is not a proper party to
a proceeding by or against the registered limited-liability partnership, the object
of which is to recover damages or enforce the obligations arising out of the acts,
omissions, malpractice or misconduct of the type described in subsection 2 unless
the partner is personally liable under subsection 3.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87.150
What does Nevada Revised Statutes § 87.150 cover?
Section 87.150 ("Nature of partner's liability") 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 § 87.150?
A common citation format is "Nevada Revised Statutes § 87.150" (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 § 87.150 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.