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Nev. Rev. Stat. § 88.520

Limitations on distribution

Nevada · Nevada Revised Statutes Chapter 88 — Uniform Limited Partnership Act · Status: effective

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Nev. Rev. Stat. § 88.520, Limitations on distribution, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2078356
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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.