Nev. Rev. Stat. § 87.320

This is the official text of Nev. Rev. Stat. § 87.320, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.

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Dissolution by decree of court

Official statutory text

1. On application by or for a partner the court shall decree a dissolution whenever: (a) A partner has been declared a lunatic in any judicial proceeding or is shown to be of unsound mind; (b) A partner becomes in any other way incapable of performing his or her part of the partnership contract; (c) A partner has been guilty of such conduct as tends to affect prejudicially the carrying on of the business; (d) A partner willfully or persistently commits a breach of the partnership agreement, or otherwise so conducts himself or herself in matters relating to the partnership business that it is not reasonably practicable to carry on the business in partnership with the partner; (e) The business of the partnership can only be carried on at a loss; or (f) Other circumstances render a dissolution equitable.

2. On the application of the purchaser of a partner's interest under NRS 87.270 or 87.280 : (a) After the termination of the specified term or particular undertaking; or (b) At any time if the partnership was a partnership at will when the interest was assigned or when the charging order was issued.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.