Nevada § 87.4348 - Liability of dissociated partner to other persons
Full text of Nevada Nevada Revised Statutes § 87.4348 — Liability of dissociated partner to other persons, with citation guidance and answers to common questions.
§ 87.4348. Liability of dissociated partner to other persons
1. A partner's dissociation does not of itself discharge the partner's liability for
a partnership obligation incurred before dissociation. A dissociated partner is not liable for a partnership obligation incurred after
dissociation, except as otherwise provided in subsection 2. 2. A partner who dissociates without resulting in a dissolution and winding up of
the partnership business is liable as a partner to the other party in a transaction
entered into by the partnership, within 2 years after the partner's dissociation,
only if the partner is liable for the obligation under NRS 87.433 and 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 . 3. By agreement with the partnership creditor and the partners continuing the business,
a dissociated partner may be released from liability for a partnership obligation. 4. A dissociated partner is released from liability for a partnership obligation if
a partnership creditor, with notice of the partner's dissociation but without the
partner's consent, agrees to a material alteration in the nature or time of payment
of a partnership obligation.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87.4348
What does Nevada Revised Statutes § 87.4348 cover?
Section 87.4348 ("Liability of dissociated partner to other persons") 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 § 87.4348?
A common citation format is "Nevada Revised Statutes § 87.4348" (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 § 87.4348 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.