Nevada § 88.565 - Distribution of assets

§ 88.565. Distribution of assets

Upon the winding up of a limited partnership, the assets must be distributed as follows: 1. To creditors, including partners who are creditors, to the extent otherwise permitted

by law, in satisfaction of liabilities of the limited partnership other than liabilities

for distributions to partners under NRS 88.490 or 88.505 ; 2. Except as provided in the partnership agreement, to partners and former partners

in satisfaction of liabilities for distributions under NRS 88.490 or 88.505 ; and 3. Except as provided in the partnership agreement, to partners, first, for the return

of their contributions and second, respecting their partnership interests, in the

proportions in which the partners share in distributions.