Nevada § 87A.395 - Liability for contribution

§ 87A.395. Liability for contribution

1. A partner's obligation to contribute money or other property or other benefit to,

or to perform services for, a limited partnership is not excused by the partner's

death, disability or other inability to perform personally. 2. If a partner does not make a promised nonmonetary contribution, the partner is

obligated at the option of the limited partnership to contribute money equal to that

portion of the value, as stated in the required information, of the stated contribution

which has not been made. 3. The obligation of a partner to make a contribution or return money or other property

paid or distributed in violation of this chapter may be compromised only by consent

of all partners. A creditor of a limited partnership which extends credit or otherwise acts in reliance

on an obligation described in subsection 1, without notice of any compromise under

this subsection, may enforce the original obligation.