Nevada § 88.342 - Business which may be carried on; prohibition against formation of limited partnership for certain illegal purposes
Full text of Nevada Nevada Revised Statutes § 88.342 — Business which may be carried on; prohibition against formation of limited partnership for certain illegal purposes, with citation guidance and answers to common questions.
§ 88.342. Business which may be carried on; prohibition against formation of limited partnership for certain illegal purposes
1. A limited partnership may carry on any business that a partnership without limited
partners may carry on except banking or insurance. 2. A person shall not form a limited partnership for any illegal purpose or with the
fraudulent intent to conceal any business activity, or lack thereof, from another
person or a governmental agency.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 88.342
What does Nevada Revised Statutes § 88.342 cover?
Section 88.342 ("Business which may be carried on; prohibition against formation of limited partnership for certain illegal purposes") 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 § 88.342?
A common citation format is "Nevada Revised Statutes § 88.342" (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 § 88.342 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.