Effect of dissociation.
Nev. Rev. Stat. § 87.4345
in effect1. If a partners dissociation results in a dissolution and winding up of the partnership business, the provisions of NRS 87.4351 to 87.4357 , inclusive, apply. If a partners dissociation does not result in a dissolution and winding up of the partnership business, the provisions of NRS 87.4346 to 87.435 , inclusive, apply.
2. Upon a partners dissociation:
(a) The partners right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in NRS 87.4353 ;
(b) The partners duty of loyalty under paragraph (c) of subsection 2 of NRS 87.4336 terminates; and
(c) The partners duty of loyalty under paragraphs (a) and (b) of subsection 2 of NRS 87.4336 and duty of care under subsection 3 of NRS 87.4336 continue only with regard to matters arising and events occurring before the partners dissociation, unless the partner participates in winding up the partnerships business pursuant to NRS 87.4353 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-087.htmlFetched: 10/4/2026