Nev. Rev. Stat. § 88.520
This is the official text of Nev. Rev. Stat. § 88.520, 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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Limitations on distribution
Official statutory text
A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.
Status: in_force · Read it on the official government site
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