Business which may be carried on; prohibition against formation of limited partnership for certain illegal purposes.

  1. Law
  2. Nevada Revised Statutes
  3. Uniform Limited Partnership Act
  4. Business which may be carried on; prohibition against formation of limited partnership for certain illegal purposes.

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1. A limited partnership may carry on any business that a partnership without limited partners may carry on except banking or insurance.

2. A person shall not form 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.

(Added to NRS by 1987, 78; A 2013, 881)


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