Nevada § 87A.450 - Power of person to withdraw as general partner; wrongful withdrawal
Full text of Nevada Nevada Revised Statutes § 87A.450 — Power of person to withdraw as general partner; wrongful withdrawal, with citation guidance and answers to common questions.
§ 87A.450. Power of person to withdraw as general partner; wrongful withdrawal
1. A person has the power to withdraw as a general partner at any time, rightfully
or wrongfully, by express will pursuant to subsection 1 of NRS 87A.445 . 2. A person's withdrawal as a general partner is wrongful only if: (a) It is in breach of an express provision of the partnership agreement; or (b) It occurs before the termination of the limited partnership, and: (1) The person withdraws as a general partner by express will; (2) The person is expelled as a general partner by judicial determination under subsection
5 of NRS 87A.445 ; (3) The person is withdrawn as a general partner by becoming a debtor in bankruptcy;
or (4) In the case of a person that is not a natural person, a trust other than a business
trust or an estate, the person is expelled or otherwise withdrawn as a general partner
because it willfully dissolved or terminated. 3. A person that wrongfully withdraws as a general partner is liable to the limited
partnership and, subject to NRS 87A.660 , to the other partners for damages caused by the withdrawal. The liability is in addition to any other obligation of the general partner to the
limited partnership or to the other partners.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87A.450
What does Nevada Revised Statutes § 87A.450 cover?
Section 87A.450 ("Power of person to withdraw as general partner; wrongful withdrawal") 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.450?
A common citation format is "Nevada Revised Statutes § 87A.450" (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.450 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.