Nevada § 87A.520 - Other claims against dissolved limited partnership

§ 87A.520. Other claims against dissolved limited partnership

1. A dissolved limited partnership may publish notice of its dissolution and request

persons having claims against the limited partnership to present them in accordance

with the notice. 2. The notice must: (a) Be published at least once in a newspaper of general circulation in the county

in which the dissolved limited partnership's principal office is located or, if it

has none in this State, in the county in which the limited partnership's designated

office is or was last located; (b) Describe the information required to be contained in a claim and provide a mailing

address to which the claim is to be sent; (c) State that a claim against the limited partnership is barred unless an action

to enforce the claim is commenced within 5 years after publication of the notice;

and (d) 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or person withdrawn as a general partner which is based on NRS 87A.365 . 3. If a dissolved limited partnership publishes a notice in accordance with subsection

2, the claim of each of the following claimants is barred unless the claimant commences

an action to enforce the claim against the dissolved limited partnership within 5

years after the publication date of the notice: (a) A claimant that did not receive notice in a record under NRS 87A.515 ; (b) A claimant whose claim was timely sent to the dissolved limited partnership but

not acted on; and (c) A claimant whose claim is contingent or based on an event occurring after the

effective date of dissolution. 4. A claim not barred under this section may be enforced: (a) Against the dissolved limited partnership, to the extent of its undistributed

assets; (b) If the assets have been distributed in liquidation, against a partner or transferee

to the extent of that person's proportionate share of the claim or the limited partnership's

assets distributed to the partner or transferee in liquidation, whichever is less,

but a person's total liability for all claims under this paragraph does not exceed

the total amount of assets distributed to the person as part of the winding up of

the dissolved limited partnership; or (c) Against any person liable on the claim under NRS 87A.365 .