Nevada § 87A.427 - Limitations on distributions applicable to restricted limited partnerships
Full text of Nevada Nevada Revised Statutes § 87A.427 — Limitations on distributions applicable to restricted limited partnerships, with citation guidance and answers to common questions.
§ 87A.427. Limitations on distributions applicable to restricted limited partnerships
1. If the limited partnership has elected in its certificate of limited partnership
to be a restricted limited partnership pursuant to NRS 87A.235 , subject to the provisions of NRS 87A.425 , and unless otherwise provided in the certificate of limited partnership, the limited
partnership shall not make any distributions to its partners until 10 years after: (a) The date of formation of the restricted limited partnership as long as the original
certificate of limited partnership elected to be treated as a restricted limited partnership
and as long as the limited partnership has remained a restricted limited partnership
since the date of formation; or (b) The effective date of the amendment to the certificate of limited partnership
in which the limited partnership elected to be treated as a restricted limited partnership
and as long as the limited partnership has remained a restricted limited partnership
since the effective date of the amendment. 2. The provisions of this section apply as the default provisions of a restricted
limited partnership to the extent the provisions of this section are inconsistent
with or add to the other provisions of this chapter and to the extent not otherwise
modified in the certificate of limited partnership of the restricted limited partnership.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87A.427
What does Nevada Revised Statutes § 87A.427 cover?
Section 87A.427 ("Limitations on distributions applicable to restricted limited partnerships") 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.427?
A common citation format is "Nevada Revised Statutes § 87A.427" (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.427 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.