Nevada § 87A.455 - Effect of withdrawal as general partner
Full text of Nevada Nevada Revised Statutes § 87A.455 — Effect of withdrawal as general partner, with citation guidance and answers to common questions.
§ 87A.455. Effect of withdrawal as general partner
1. Upon a person's withdrawal as a general partner: (a) The person's right to participate as a general partner in the management and conduct
of the partnership's activities terminates; (b) The person's duty of loyalty as a general partner under paragraph (c) of subsection
2 of NRS 87A.385 terminates; (c) The person's duty of loyalty as a general partner under paragraphs (a) and (b)
of subsection 2 of NRS 87A.385 and duty of care under subsection 3 of NRS 87A.385 continue only with regard to matters arising and events occurring before the person's
withdrawal as a general partner; (d) The person may sign and deliver to the Secretary of State for filing a certificate
of withdrawal pertaining to the person and, at the request of the limited partnership,
shall sign an amendment to the certificate of limited partnership which states that
the person has withdrawn; and (e) Subject to NRS 87A.485 and the provisions of chapter 92A of NRS, any transferable interest owned by the
person immediately before withdrawal in the person's capacity as a general partner
is owned by the person as a mere transferee. 2. A person's withdrawal as a general partner does not of itself discharge the person
from any obligation to the limited partnership or the other partners which the person
incurred while a general partner.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87A.455
What does Nevada Revised Statutes § 87A.455 cover?
Section 87A.455 ("Effect of withdrawal as general partner") 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.455?
A common citation format is "Nevada Revised Statutes § 87A.455" (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.455 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.