Nev. Rev. Stat. » NRS: CHAPTER 87 - PARTNERSHIPS
Nevada Revised Statutes

Nev. Rev. Stat. § 87.040 (2026)

Rules of construction

✓ current as of July 2026
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NRS 87.040  Rules of construction.

      1.  The rule that statutes in derogation of the common law are to be strictly construed has no application to NRS 87.010 to 87.430, inclusive.

      2.  The law of estoppel applies to NRS 87.010 to 87.430, inclusive.

      3.  The law of agency applies to NRS 87.010 to 87.430, inclusive.

      4.  The Uniform Partnership Act must be interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it.

      5.  The provisions of NRS 87.010 to 87.430, inclusive, shall not be construed so as to impair the obligations of any contract existing on July 1, 1931, nor to affect any action or proceedings begun or right accrued before July 1, 1931.

      [4:74:1931; 1931 NCL § 5028.03]—(NRS A 2005, 441)

     

Notes of Decisions
Cited in 5 cases, 1980–2014 · leading case: Holliday v. McMullen, 756 P.2d 1179 (Nev. 1988).
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Holliday v. McMullen, 756 P.2d 1179 (Nev. 1988). “See NRS 87.040. NRS 134.007, in its present form, does not apply to a defendant who has been acquitted of all criminal charges.”
Williams v. Cottonwood Cove Dev. Co., 619 P.2d 1219 (Nev. 1980). “7 Compare the rules of construction for partnership, NRS 87.040, with those for limited partnerships, NRS 88.”
Michael Grassmueck v. Am. Shorthorn, 402 F.3d 833 (8th Cir. 2005). “1936) (“[Tjhere is substantial authority in support of the ‘sole actor’ doctrine.”
In re Cay Clubs, 2014 NV 14 (Nev. 2014). · cites it 4× “NRS 87.040(2). Moreover, in a similar matter, we extended equitable estoppel's reasonable reliance requirement to a party's claim that the apparent authority of an agent was the basis for forming a contract.”
In re Cay Clubs, 2014 NV 92 (Nev. 2014). · cites it 2× “NRS 87.040(2). Moreover, in a similar matter, we extended equitable estoppel's reasonable reliance requirement to a party's claim that the apparent authority of an agent was the basis for forming a contract.”
— Nev. Rev. Stat. § 87.040(2) — 2 cases
In re Cay Clubs, 2014 NV 14 (Nev. 2014). “NRS 87.040(2). Moreover, in a similar matter, we extended equitable estoppel's reasonable reliance requirement to a party's claim that the apparent authority of an agent was the basis for forming a contract.”
In re Cay Clubs, 2014 NV 92 (Nev. 2014). “NRS 87.040(2). Moreover, in a similar matter, we extended equitable estoppel's reasonable reliance requirement to a party's claim that the apparent authority of an agent was the basis for forming a contract.”
— Nev. Rev. Stat. § 87.040(4) — 2 cases
In re Cay Clubs, 2014 NV 14 (Nev. 2014). “NRS 87.040(2). Moreover, in a similar matter, we extended equitable estoppel's reasonable reliance requirement to a party's claim that the apparent authority of an agent was the basis for forming a contract.”
In re Cay Clubs, 2014 NV 92 (Nev. 2014). “NRS 87.040(2). Moreover, in a similar matter, we extended equitable estoppel's reasonable reliance requirement to a party's claim that the apparent authority of an agent was the basis for forming a contract.”
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