Nevada § 87.4345 - Effect of dissociation
Full text of Nevada Nevada Revised Statutes § 87.4345 — Effect of dissociation, with citation guidance and answers to common questions.
§ 87.4345. Effect of dissociation
1. If a partner's dissociation results in a dissolution and winding up of the partnership
business, the provisions of NRS 87.4351 to 87.4357 , inclusive, apply. If a partner's dissociation does not result in a dissolution and winding up of the
partnership business, the provisions of NRS 87.4346 to 87.435 , inclusive, apply. 2. Upon a partner's dissociation: (a) The partner's right to participate in the management and conduct of the partnership
business terminates, except as otherwise provided in NRS 87.4353 ; (b) The partner's duty of loyalty under paragraph (c) of subsection 2 of NRS 87.4336 terminates; and (c) The partner's duty of loyalty under paragraphs (a) and (b) of subsection 2 of NRS 87.4336 and duty of care under subsection 3 of NRS 87.4336 continue only with regard to matters arising and events occurring before the partner's
dissociation, unless the partner participates in winding up the partnership's business
pursuant to NRS 87.4353 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87.4345
What does Nevada Revised Statutes § 87.4345 cover?
Section 87.4345 ("Effect of dissociation") 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 § 87.4345?
A common citation format is "Nevada Revised Statutes § 87.4345" (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 § 87.4345 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.