Nevada § 87.390 - Rights where partnership is dissolved for fraud or misrepresentation
Full text of Nevada Nevada Revised Statutes § 87.390 — Rights where partnership is dissolved for fraud or misrepresentation, with citation guidance and answers to common questions.
§ 87.390. Rights where partnership is dissolved for fraud or misrepresentation
Where a partnership contract is rescinded on the ground of the fraud or misrepresentation
of one of the parties thereto, the party entitled to rescind is, without prejudice
to any other right, entitled: 1. To a lien on, or a right of retention of, the surplus of the partnership property
after satisfying the partnership liabilities to third persons for any sum of money
paid by such a party for the purchase of an interest in the partnership and for any
capital or advances contributed by him or her; 2. To stand, after all liabilities to third persons have been satisfied, in the place
of the creditors of the partnership for any payments made by the party in respect
of the partnership liabilities; and 3. To be indemnified by the person guilty of the fraud or making the representation
against all debts and liabilities of the partnership.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87.390
What does Nevada Revised Statutes § 87.390 cover?
Section 87.390 ("Rights where partnership is dissolved for fraud or misrepresentation") 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 § 87.390?
A common citation format is "Nevada Revised Statutes § 87.390" (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 § 87.390 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.