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

Nev. Rev. Stat. § 87.080 (2026)

Property of partnership

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NRS 87.080  Property of partnership.

      1.  All property originally brought into the partnership stock or subsequently acquired by purchase or otherwise, on account of the partnership, is partnership property.

      2.  Unless the contrary intention appears, property acquired with partnership funds is partnership property.

      3.  Any estate in real property may be acquired in the partnership name. Title so acquired can be conveyed only in the partnership name.

      4.  A conveyance to a partnership in the partnership name, though without words of inheritance, passes the entire estate of the grantor unless a contrary intent appears.

      [8:74:1931; 1931 NCL § 5028.07]

Relations of Partners to Persons Dealing With Partnership

     

Notes of Decisions
Cited in 1 case, 1989–1989 · leading case: Karadanis v. Sourwine, 783 P.2d 454 (Nev. 1989).
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Karadanis v. Sourwine, 783 P.2d 454 (Nev. 1989). “In Nevada a partnership can acquire and hold title to real property, NRS 87.080; a partnership is a legal entity for purposes of pleading and defending litigation, Richard Mathews, Jr.”
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