Nevada § 87A.340 - Limited duties of limited partners
Full text of Nevada Nevada Revised Statutes § 87A.340 — Limited duties of limited partners, with citation guidance and answers to common questions.
§ 87A.340. Limited duties of limited partners
1. A limited partner does not have any fiduciary duty to the limited partnership or
to any other partner solely by reason of being a limited partner. 2. A limited partner shall discharge the duties to the partnership and the other partners
under this chapter or under the partnership agreement and exercise any rights consistently
with the obligation of good faith and fair dealing. 3. A limited partner does not violate a duty or obligation under this chapter or under
the partnership agreement merely because the limited partner's conduct furthers the
limited partner's own interest.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87A.340
What does Nevada Revised Statutes § 87A.340 cover?
Section 87A.340 ("Limited duties of limited partners") 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 § 87A.340?
A common citation format is "Nevada Revised Statutes § 87A.340" (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 § 87A.340 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.