Nev. Rev. Stat. » NRS: CHAPTER 87 - PARTNERSHIPS

Nev. Rev. Stat. § 87.270

Assignment of partner’s interest

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NRS 87.270  Assignment of partner’s interest.

      1.  A conveyance by a partner of his or her interest in the partnership does not of itself dissolve the partnership, nor, as against the other partners in the absence of agreement, entitle the assignee, during the continuance of the partnership, to interfere in the management or administration of the partnership business or affairs, or to require any information or account of partnership transactions, or to inspect the partnership books; but it merely entitles the assignee to receive in accordance with the contract the profits to which the assigning partner would otherwise be entitled.

      2.  In case of a dissolution of the partnership, the assignee is entitled to receive the assignor’s interest and may require an account from the date only of the last account agreed to by all the partners.

      [27:74:1931; 1931 NCL § 5028.26]

     

Notes of Decisions
Cited in 3 cases, 1957–1972 · leading case: Tupper v. Kroc
Sort: Relevance Newest Treatment
Tupper v. Kroc (1972) nev “See NRS 87.270. Furthermore, the partnership agreements could not divest the district court of its powers provided by statute to charge and sell an interest of a partner in a partnership.”
Balaban v. Bank of Nevada (1970) nev “” The third partnership property right restricts partnership management personally to the partners, and while he may assign his partnership rights, the only right acquired by his assignee is a share in the profits (NRS 87.270 and 87.180(7)). 3.”
Bynum v. Frisby (1957) nev “NRS 87.270 deals with the assignment of a partner’s interest.”
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