Nevada § 87A.510 - Liability after dissolution of general partner and person withdrawn as general partner to limited partnership, other general partners and persons withdrawn as general partner
Full text of Nevada Nevada Revised Statutes § 87A.510 — Liability after dissolution of general partner and person withdrawn as general partner to limited partnership, other general partners and persons withdrawn as general partner, with citation guidance and answers to common questions.
§ 87A.510. Liability after dissolution of general partner and person withdrawn as general partner to limited partnership, other general partners and persons withdrawn as general partner
1. If a general partner having knowledge of the dissolution causes a limited partnership
to incur an obligation under subsection 1 of NRS 87A.505 by an act that is not appropriate for winding up the partnership's activities, the
general partner is liable: (a) To the limited partnership for any damage caused to the limited partnership arising
from the obligation; and (b) If another general partner or a person withdrawn as a general partner is liable
for the obligation, to that other general partner or person for any damage caused
to that other general partner or person arising from the liability. 2. If a person withdrawn as a general partner causes a limited partnership to incur
an obligation under subsection 2 of NRS 87A.505 , the person is liable: (a) To the limited partnership for any damage caused to the limited partnership arising
from the obligation; and (b) If a general partner or another person withdrawn as a general partner is liable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.510
What does Nevada Revised Statutes § 87A.510 cover?
Section 87A.510 ("Liability after dissolution of general partner and person withdrawn as general partner to limited partnership, other general partners and persons withdrawn as general partner") is part of the Nevada Revised Statutes, the codified statutory law of Nevada.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.510?
A common citation format is "Nevada Revised Statutes § 87A.510" (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.510 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.