Nevada § 87A.695 - Provisions for existing partnerships
Full text of Nevada Nevada Revised Statutes § 87A.695 — Provisions for existing partnerships, with citation guidance and answers to common questions.
§ 87A.695. Provisions for existing partnerships
1. A limited partnership formed under any statute of this State prior to July 1, 1931,
may become a limited partnership under this chapter by complying with the provisions
of this chapter if the certificate sets forth: (a) The amount of the original contribution of each limited partner, and the time
when the contribution was made; and (b) That the property of the partnership exceeds the amount sufficient to discharge
its liabilities to persons not claiming as general or limited partners by an amount
greater than the sum of the contributions of its limited partners. 2. A limited partnership formed under any statute of this State prior to July 1, 1931,
until or unless it becomes a limited partnership under this chapter or chapter 88
of NRS, shall continue to be governed by the provisions of chapter 60, Laws of Nevada
Territory 1862, entitled “An Act to Authorize the Formation of Limited Partnerships,”
approved December 19, 1862, except that such a partnership must not be renewed unless
so provided in the original agreement.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 87A.695
What does Nevada Revised Statutes § 87A.695 cover?
Section 87A.695 ("Provisions for existing partnerships") 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.695?
A common citation format is "Nevada Revised Statutes § 87A.695" (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.695 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.