Nevada § 87.5425 - Defaulting partnerships: Identification; forfeiture of right to transact business; penalty
Full text of Nevada Nevada Revised Statutes § 87.5425 — Defaulting partnerships: Identification; forfeiture of right to transact business; penalty, with citation guidance and answers to common questions.
§ 87.5425. Defaulting partnerships: Identification; forfeiture of right to transact business; penalty
1. Each foreign registered limited-liability partnership which is required to make
a filing and pay the fee prescribed in NRS 87.541 to 87.5443 , inclusive, and which refuses or neglects to do so within the time provided is in
default. 2. For default there must be added to the amount of the fee a penalty of $75, and
unless the filing is made and the fee and penalty are paid on or before the last day
of the month in which the anniversary date of the foreign registered limited-liability
partnership occurs, the defaulting foreign registered limited-liability partnership
by reason of its default forfeits its right to transact any business within this State. The fee and penalty must be collected as provided in this chapter.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87.5425
What does Nevada Revised Statutes § 87.5425 cover?
Section 87.5425 ("Defaulting partnerships: Identification; forfeiture of right to transact business; penalty") 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 § 87.5425?
A common citation format is "Nevada Revised Statutes § 87.5425" (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 § 87.5425 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.