Nevada § 87.4353 - Right to wind up partnership business
Full text of Nevada Nevada Revised Statutes § 87.4353 — Right to wind up partnership business, with citation guidance and answers to common questions.
§ 87.4353. Right to wind up partnership business
1. After dissolution, a partner who has not wrongfully dissociated may participate
in winding up the partnership's business, but on application of any partner, any partner's
legal representative or any transferee, the district court, for good cause shown,
may order judicial supervision of the winding up. 2. The legal representative of the last surviving partner may wind up a partnership's
business. 3. A person winding up a partnership's business may preserve the partnership business
or property as a going concern for a reasonable time, prosecute and defend actions
and proceedings, whether civil, criminal or administrative, settle and close the partnership's
business, dispose of and transfer the partnership's property, discharge the partnership's
liabilities, distribute the assets of the partnership pursuant to NRS 87.4357 , settle disputes by mediation or arbitration, and perform other necessary acts.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87.4353
What does Nevada Revised Statutes § 87.4353 cover?
Section 87.4353 ("Right to wind up partnership business") 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 § 87.4353?
A common citation format is "Nevada Revised Statutes § 87.4353" (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 § 87.4353 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.