Nevada Revised Statutes

Nev. Rev. Stat. § 87.433 (2026)

Liability of partners

✓ current as of July 2026
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NRS 87.433  Liability of partners.

      1.  Except as otherwise provided in subsections 2 and 3, all partners are liable jointly and severally for all obligations of the partnership unless otherwise agreed by the claimant or provided by law.

      2.  A person admitted as a partner into an existing partnership is not personally liable for any partnership obligation incurred before the person’s admission as a partner.

      3.  An obligation of a partnership incurred while the partnership is a registered limited-liability partnership, whether arising in contract, tort or otherwise, is solely the obligation of the partnership. A partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or so acting as a partner. This subsection applies notwithstanding anything inconsistent in the partnership agreement that existed immediately before the filing of a certificate of registration pursuant to NRS 87.440.

      (Added to NRS by 2005, 428)

     

Notes of Decisions
Cited in 1 case, 2020–2020 · leading case: Kealey v. Russell (D. Nev. 2020).
Kealey v. Russell (D. Nev. 2020). · cites it 2× “Even if Nevada law was applicable the same conclusion would result: “a 14 general partner of a limited partnership has the liabilities of a partner in a partnership without 15 limited partners to persons other than the partnership and the other partners,” NRS § 88.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.