Nevada § 87A.460 - Power to bind and liability to limited partnership before dissolution of partnership of person withdrawn as general partner
Full text of Nevada Nevada Revised Statutes § 87A.460 — Power to bind and liability to limited partnership before dissolution of partnership of person withdrawn as general partner, with citation guidance and answers to common questions.
§ 87A.460. Power to bind and liability to limited partnership before dissolution of partnership of person withdrawn as general partner
1. After a person is withdrawn as a general partner and before the limited partnership
is dissolved, converted under chapter 92A of NRS or merged out of existence under
chapter 92A of NRS, the limited partnership is bound by an act of the person only
if: (a) The act would have bound the limited partnership under NRS 87A.355 before the withdrawal; and (b) At the time the other party enters into the transaction: (1) Less than 2 years has passed since the withdrawal; and (2) The other party does not have notice of the withdrawal and reasonably believes
that the person is a general partner. 2. If a limited partnership is bound under subsection 1, the person withdrawn as a
general partner which caused the limited partnership to be bound is liable: (a) To the limited partnership for any damage caused to the limited partnership arising
from the obligation incurred under subsection 1; and (b) If a general partner or another person withdrawn as a general partner is liable
for the obligation, to the general partner or other person for any damage caused to
the general partner or other person arising from the liability.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87A.460
What does Nevada Revised Statutes § 87A.460 cover?
Section 87A.460 ("Power to bind and liability to limited partnership before dissolution of partnership of person withdrawn as general partner") is part of the Nevada Revised Statutes, the codified statutory law of Nevada.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.460?
A common citation format is "Nevada Revised Statutes § 87A.460" (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.460 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.