Nevada § 87.4347 - Power of dissociated partner to bind; liability to partnership
Full text of Nevada Nevada Revised Statutes § 87.4347 — Power of dissociated partner to bind; liability to partnership, with citation guidance and answers to common questions.
§ 87.4347. Power of dissociated partner to bind; liability to partnership
1. For 2 years after a partner dissociates without resulting in a dissolution and
winding up of the partnership business, the partnership is bound by an act of the
dissociated partner which would have bound the partnership under NRS 87.4325 before dissociation only if at the time of entering into the transaction the other
party: (a) Reasonably believed that the dissociated partner was then a partner; (b) Did not have notice of the partner's dissociation; and (c) Is not deemed to have had knowledge under subsection 5 of NRS 87.4327 or notice under subsection 3 of NRS 87.4349 . 2. A dissociated partner is liable to the partnership for any damage caused to the
partnership arising from an obligation incurred by the dissociated partner after dissociation
for which the partnership is liable under subsection 1.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87.4347
What does Nevada Revised Statutes § 87.4347 cover?
Section 87.4347 ("Power of dissociated partner to bind; liability to partnership") 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 § 87.4347?
A common citation format is "Nevada Revised Statutes § 87.4347" (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 § 87.4347 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.