Nevada § 88.400 - Certificate of authorization to transact business; identification of defaulting partnerships; reinstatement of partnership which is unit-owners' association; forfeiture and penalty
Full text of Nevada Nevada Revised Statutes § 88.400 — Certificate of authorization to transact business; identification of defaulting partnerships; reinstatement of partnership which is unit-owners' association; forfeiture and penalty, with citation guidance and answers to common questions.
§ 88.400. Certificate of authorization to transact business; identification of defaulting partnerships; reinstatement of partnership which is unit-owners' association; forfeiture and penalty
1. If a limited partnership has filed the list in compliance with NRS 88.395 and has paid the appropriate fee for the filing, the cancelled check or other proof
of payment received by the limited partnership constitutes a certificate authorizing
it to transact its business within this State until the anniversary date of the filing
of its certificate of limited partnership in the next succeeding calendar year. 2. Each limited partnership which is required to make a filing and pay the fee prescribed
in NRS 88.395 and 88.397 and which refuses or neglects to do so within the time provided is in default. 3. Upon notification from the Administrator of the Real Estate Division of the Department
of Business and Industry that a limited partnership which is a unit-owners' association
as defined in NRS 116.011 or 116B.030 has failed to register pursuant to NRS 116.31158 or 116B.625 or failed to pay the fees pursuant to NRS 116.31155 or 116B.620 , the Secretary of State shall deem the limited partnership to be in default. If, after the limited partnership is deemed to be in default, the Administrator
notifies the Secretary of State that the limited partnership has registered pursuant
to NRS 116.31158 or 116B.625 and paid the fees pursuant to NRS 116.31155 or 116B.620 , the Secretary of State shall reinstate the limited partnership if the limited partnership
complies with the requirements for reinstatement as provided in this section and NRS 88.410 . 4. For default there must be added to the amount of the fee a penalty of $75, and
unless the filings are made and the fee and penalty are paid on or before the first
day of the first anniversary of the month following the month in which filing was
required, the defaulting limited partnership, by reason of its default, forfeits its
right to transact any business within this State.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 88.400
What does Nevada Revised Statutes § 88.400 cover?
Section 88.400 ("Certificate of authorization to transact business; identification of defaulting partnerships; reinstatement of partnership which is unit-owners' association; forfeiture and penalty") 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 § 88.400?
A common citation format is "Nevada Revised Statutes § 88.400" (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 § 88.400 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.