NRS
87.150 Nature of partner’s liability.
1. Except as otherwise provided in
subsection 2, all partners are liable:
(a) Jointly and severally for everything
chargeable to the partnership under NRS
87.130 and 87.140.
(b) Jointly for all other debts and obligations
of the partnership; but any partner may enter into a separate obligation to
perform a partnership contract.
2. Subject to subsection 3, a partner in a
registered limited-liability partnership is not liable directly or indirectly,
by way of indemnification, contribution, assessment or otherwise, for debts,
obligations or liabilities of or chargeable to the partnership, whether in
contract, tort or otherwise, arising from omissions, negligence, wrongful acts,
misconduct or malpractice committed while the partnership is a registered
limited-liability partnership and in the course of the partnership business by
another partner or an employee, agent or representative of the partnership.
3. Subsection 2 does not affect the
liability of a partner in a registered limited-liability partnership for his or
her own omissions, negligence, wrongful acts, misconduct or malpractice or that
of any person under his or her direct supervision and control.
4. A partner in a registered
limited-liability partnership is not a proper party to a proceeding by or
against the registered limited-liability partnership, the object of which is to
recover damages or enforce the obligations arising out of the acts, omissions,
malpractice or misconduct of the type described in subsection 2 unless the
partner is personally liable under subsection 3.
[15:74:1931; 1931 NCL § 5028.14]—(NRS A 1995,
1471)
Notes of Decisions
Radaker v. Scott, 855 P.2d 1037 (Nev. 1993).
· cites it 2× “See NRS 87.150. The parties’ intent to create a joint venture is determined by the application of ordinary rules concerning the interpretation and construction of contracts as well as a consideration of the actions and conduct of the parties.”
Haertel ex rel. Borregard ex rel. Borregard v. Sonshine Carpet Co., 757 P.2d 364 (Nev. 1988).
· cites it 2× “Furthermore, consonant with the principle of shared liability of joint venturers for their acts (see NRS 87.150, 87.130), we conclude that it is likewise equitable that, where a joint venturer has paid premiums for workmen’s compensation to protect itself against loss, the…”
Watson v. G.C. Assocs. Ltd. P'ship, 691 P.2d 417 (Nev. 1984).
“” NRS 87.150(1). To hold the partnership liable in this case would, therefore, necessarily be to hold the partners liable as well, despite the policy of the NIIA.”
Hotel Cont'l v. Comm'r, 70 T.C.M. 295 (Tax Ct. 1995).
· cites it 2× “Prior to the settlement agreement, petitioner had a right to take action against Levy, the other general partner in Indian Springs.”
Darrough v. SOC LLC (D. Nev. 2025).
· cites it 2× “Plaintiffs also reiterate that SOC- 21 SMG and Day & Zimmerman are joint venturers under Nev. Rev. Stat. § 87.150 and so “while 22 [SOC-SMG and Day & Zimmerman] might be members of SOC LLC and would generally be 23 shielded from liability, because they are joint venturers in the…”
DeFiore v. SOC LLC (D. Nev. 2025).
· cites it 2× “Plaintiffs also reiterate that SOC- 21 SMG and Day & Zimmerman are joint venturers under Nev. Rev. Stat. § 87.150 and so “while 22 [SOC-SMG and Day & Zimmerman] might be members of SOC LLC and would generally be 23 shielded from liability, because they are joint venturers in the…”
In re Cay Clubs, 2014 NV 14 (Nev. 2014).
· cites it 2× “130; NRS 87.150(1). This liability extends to tortious acts such as fraud.”
In re Cay Clubs, 2014 NV 92 (Nev. 2014).
“In a partnership, the partners are jointly and severally liable for injuries caused by a partner's actions within the ordinary course of the partnership's business or with the authority of other partners.”
Mt. Wheeler Power, Inc. v. Gallagher, 653 P.2d 1212 (Nev. 1982).
“NRS 87.150. 4 When concerned with a Chapter XII proceeding, the provisions of Chapter XII will control over conflicting provisions found elsewhere in the bankruptcy act.”
— Nev. Rev. Stat. § 87.150(1) — 4 cases
Watson v. G.C. Assocs. Ltd. P'ship, 691 P.2d 417 (Nev. 1984).
“” NRS 87.150(1). To hold the partnership liable in this case would, therefore, necessarily be to hold the partners liable as well, despite the policy of the NIIA.”
Haertel ex rel. Borregard ex rel. Borregard v. Sonshine Carpet Co., 757 P.2d 364 (Nev. 1988).
“Furthermore, consonant with the principle of shared liability of joint venturers for their acts (see NRS 87.150, 87.130), we conclude that it is likewise equitable that, where a joint venturer has paid premiums for workmen’s compensation to protect itself against loss, the…”
In re Cay Clubs, 2014 NV 14 (Nev. 2014).
“130; NRS 87.150(1). This liability extends to tortious acts such as fraud.”
In re Cay Clubs, 2014 NV 92 (Nev. 2014).
“In a partnership, the partners are jointly and severally liable for injuries caused by a partner's actions within the ordinary course of the partnership's business or with the authority of other partners.”
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