Nevada § 87A.515 - Known claims against dissolved limited partnership

§ 87A.515. Known claims against dissolved limited partnership

1. A dissolved limited partnership may dispose of the known claims against it by following

the procedure described in subsection 2. 2. A dissolved limited partnership may notify its known claimants of the dissolution

in a record. The notice must: (a) Specify the information required to be included in a claim; (b) Provide a mailing address to which the claim is to be sent; (c) State the deadline for receipt of the claim, which may not be less than 120 days

after the date the notice is received by the claimant; (d) State that the claim will be barred if not received by the deadline; and (e) Unless the limited partnership has been throughout its existence a registered

limited-liability limited partnership, state that the barring of a claim against the

limited partnership will also bar any corresponding claim against any general partner

or person withdrawn as a general partner which is based on NRS 87A.365 . 3. A claim against a dissolved limited partnership is barred if the requirements of

subsection 2 are met and: (a) The claim is not received by the specified deadline; or (b) In the case of a claim that is timely received but rejected by the dissolved limited

partnership, the claimant does not commence an action to enforce the claim against

the limited partnership within 90 days after the receipt of the notice of the rejection. 4. This section does not apply to a claim based on an event occurring after the effective

date of dissolution or a liability that is contingent on that date.