Nature, purpose and duration of entity; prohibition against organization for certain illegal purposes.

Nev. Rev. Stat. § 87A.155
in effect
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1. A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether the limited partnership has registered as a registered limited-liability limited partnership. 2. A limited partnership may be organized under this chapter for any lawful purpose. A person shall not organize a limited partnership for any illegal purpose or with the fraudulent intent to conceal any business activity, or lack thereof, from another person or a governmental agency. 3. A limited partnership has a perpetual duration.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-087A.htmlFetched: 10/4/2026

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