reglab/housing_qa huggingface dataset:
NV Rev Stat § 87.380 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.380 - Rights of partners to application of property of partnership.

  1. When dissolution is caused in any way, except in contravention of the partnership agreement, each partner as against his or her copartners and all persons claiming through them in respect of their interests in the partnership, unless otherwise agreed, may have the partnership property applied to discharge its liabilities, and the surplus applied to pay in cash the net amount owing to the respective partners. But if dissolution is caused by expulsion of a partner, bona fide under the partnership agreement and if the expelled partner is discharged from all partnership liabilities, either by payment or agreement under subsection 2 of NRS 87.360, the expelled partner shall receive in cash only the net amount due him or her from the partnership.  2. When dissolution is caused in contravention of the partnership agreement the rights of the partners shall be as follows:  (a) Each partner who has not caused dissolution wrongfully shall have:  (1) All the rights specified in subsection 1 of this section; and  (2) The right, as against each partner who has caused the dissolution wrongfully, to damages for breach of the agreement.  (b) The partners who have not caused the dissolution wrongfully, if they all desire to continue the business in the same name, either by themselves or jointly with others, may do so, during the agreed term for the partnership, and for that purpose may possess the partnership property, provided they secure the payment by bond approved by the court, or pay to any partner who has caused the dissolution wrongfully, the value of his or her interest in the partnership at the dissolution, less any damages recoverable under subparagraph (2) of paragraph (a) of subsection 2, and in like manner indemnify him or her against all present or future partnership liabilities.  (c) A partner who has caused the dissolution wrongfully shall have:  (1) If the business is not continued under the provisions of paragraph (b) of subsection 2, all the rights of a partner under subsection 1, subject to subparagraph (2) of paragraph (a) of subsection 2; or  (2) If the business is continued under paragraph (b) of subsection 2, the right as against his or her copartners and all claiming through them in respect of their interests in the partnership, to have the value of his or her interest in the partnership, less any damages caused to his or her copartners by the dissolution, ascertained and paid to him or her in cash, or the payment secured by bond approved by the court, and to be released from all existing liabilities of the partnership; but in ascertaining the value of the partner’s interest the value of the goodwill of the business shall not be considered.  [38:74:1931; 1931 NCL § 5028.37]
NV Rev Stat § 87.390 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.390 - Rights where partnership is dissolved for fraud or misrepresentation.

Where a partnership contract is rescinded on the ground of the fraud or misrepresentation of one of the parties thereto, the party entitled to rescind is, without prejudice to any other right, entitled:  1. To a lien on, or a right of retention of, the surplus of the partnership property after satisfying the partnership liabilities to third persons for any sum of money paid by such a party for the purchase of an interest in the partnership and for any capital or advances contributed by him or her;  2. To stand, after all liabilities to third persons have been satisfied, in the place of the creditors of the partnership for any payments made by the party in respect of the partnership liabilities; and  3. To be indemnified by the person guilty of the fraud or making the representation against all debts and liabilities of the partnership.  [Part 39:74:1931; 1931 NCL § 5028.38]
NV Rev Stat § 87.400 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.400 - Rules for distribution.

In settling accounts between the partners after dissolution, the following rules must be observed, subject to any agreement to the contrary:  1. The assets of the partnership are:  (a) The partnership property; and  (b) The contributions of the partners specified in subsection 4.  2. The liabilities of the partnership rank in order of payment, as follows:  (a) Those owing to creditors other than partners.  (b) Those owing to partners other than for capital and profits.  (c) Those owing to partners in respect of capital.  (d) Those owing to partners in respect of profits.  3. The assets must be applied in order of their declaration in subsection 1 to the satisfaction of the liabilities.  4. Except as otherwise provided in subsection 2 of NRS 87.150:  (a) The partners shall contribute, as provided by subsection 1 of NRS 87.180, the amount necessary to satisfy the liabilities; and  (b) If any, but not all, of the partners are insolvent, or, not being subject to process, refuse to contribute, the other partners shall contribute their share of the liabilities, and, in the relative proportions in which they share the profits, the additional amount necessary to pay the liabilities.  5. An assignee for the benefit of creditors or any person appointed by the court may enforce the contributions specified in subsection 4.  6. Any partner or his or her legal representative may enforce the contributions specified in subsection 4, to the extent of the amount which the partner or legal representative has paid in excess of his or her share of the liability.  7. The individual property of a deceased partner is liable for the contributions specified in subsection 4.  8. When partnership property and the individual properties of the partners are in possession of a court for distribution, partnership creditors have priority on partnership property and separate creditors on individual property, saving the rights of lien or secured creditors as heretofore.  9. Where a partner has become bankrupt or a partner’s estate is insolvent, the claims against the partner’s separate property rank in the following order:  (a) Those owing to separate creditors.  (b) Those owing to partnership creditors.  (c) Those owing to partners by way of contribution.  [Part 39:74:1931; 1931 NCL § 5028.38] — (NRS A 1995, 1473)
NV Rev Stat § 87.420 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.420 - Rights of retiring or estate of deceased partner when business of partnership is continued.

When any partner retires or dies, and the business is continued under any of the conditions set forth in subsections 1, 2, 3, 5 and 6 of NRS 87.410, or paragraph (b) of subsection 2 of NRS 87.380, without any settlement of accounts as between the retired or deceased partner or his or her estate and the person or partnership continuing the business, unless otherwise agreed, the retired or deceased partner or his or her legal representative as against such persons or partnership may have the value of the retired or deceased partner’s interest at the date of dissolution ascertained, and shall receive as an ordinary creditor an amount equal to the value of the retired or deceased partner’s interest in the dissolved partnership with interest, or, at the retired or deceased partner’s option or at the option of his or her legal representative, in lieu of interest, the profits attributable to the use of the retired or deceased partner’s right in the property of the dissolved partnership; provided that the creditors of the dissolved partnership as against the separate creditors, or the representative of the retired or deceased partner, shall have priority on any claim arising under this section as provided by subsection 8 of NRS 87.410.  [41:74:1931; 1931 NCL § 5028.40]
NV Rev Stat § 87.430 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.430 - Accrual of actions.

The right to an account of a partner’s interest shall accrue to any partner, or his or her legal representative, as against the winding up partners or the surviving partners or the person or partnership continuing the business, at the date of dissolution, in the absence of any agreement to the contrary.  [42:74:1931; 1931 NCL § 5028.41]
NV Rev Stat § 87.4301 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4301 - Short title.

NRS 87.4301 to 87.4357, inclusive, may be cited as the Uniform Partnership Act (1997).  (Added to NRS by 2005, 421)
NV Rev Stat § 87.4302 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4302 - Definitions.

As used in NRS 87.4301 to 87.4357, inclusive, unless the context otherwise requires, the words and terms defined in NRS 87.4303 to 87.4313, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2005, 421)
NV Rev Stat § 87.4303 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4303 - "Debtor in bankruptcy" defined.

Debtor in bankruptcy means a person who is the subject of:  1. An order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; or  2. A comparable order under federal, state or foreign law governing insolvency.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.4304 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4304 - "Distribution" defined.

Distribution means a transfer of money or other property from a partnership to a partner in the partner’s capacity as a partner or to the partner’s transferee.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.4305 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4305 - "Partnership" defined.

Partnership means an association of two or more persons to carry on as co-owners of a business for profit formed under NRS 87.4322, predecessor law or comparable law of another jurisdiction.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.4306 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4306 - "Partnership agreement" defined.

Partnership agreement means the agreement, whether written, oral or implied, among the partners concerning the partnership, including amendments to the partnership agreement.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.4307 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4307 - "Partnership at will" defined.

Partnership at will means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.4308 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4308 - "Partnership interest" and "partner’s interest in the partnership" defined.

Partnership interest or "partner’s interest in the partnership" means all of a partner’s interests in the partnership, including the partner’s transferable interest and all management and other rights.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.4309 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4309 - "Person" defined.

Person means any natural person, corporation, business trust, estate, trust, partnership, association, joint venture, government or governmental subdivision, agency or instrumentality or any other legal or commercial entity.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.431 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.431 - "Property" defined.

Property means all property, real, personal or mixed, tangible or intangible, or any interest therein.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.4311 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4311 - "Registered limited-liability partnership" defined.

Registered limited-liability partnership means a partnership formed pursuant to an agreement governed by NRS 87.4301 to 87.4357, inclusive, and registered pursuant to and complying with NRS 87.440 to 87.560, inclusive.  (Added to NRS by 2005, 422; A 2007, 2428; 2015, 1296)
NV Rev Stat § 87.4312 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4312 - "Statement" defined.

Statement means:  1. A statement of partnership authority under NRS 87.4327;  2. A statement of denial under NRS 87.4328;  3. A statement of dissociation under NRS 87.4349;  4. A statement of dissolution under NRS 87.4355; or  5. An amendment or cancellation of any of the statements set forth in subsections 1 to 4, inclusive.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.4313 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4313 - "Transfer" defined.

Transfer includes an assignment, conveyance, lease, mortgage, deed and encumbrance.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.4314 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4314 - Applicability.

The provisions of NRS 87.4301 to 87.4357, inclusive, apply to a partnership:  1. Which voluntarily elects to be governed by the provisions of NRS 87.4301 to 87.4357, inclusive; or  2. Which is formed on or after July 1, 2006, and which does not voluntarily elect to be governed by the provisions of NRS 87.010 to 87.430, inclusive.  (Added to NRS by 2005, 423; A 2007, 2428)
NV Rev Stat § 87.4315 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4315 - Knowledge and notice.

  1. A person knows a fact if the person has actual knowledge of it.  2. A person has notice of a fact if the person:  (a) Knows of it;  (b) Has received a notification of it; or  (c) Has reason to know it exists from all of the facts known to the person at the time in question.  3. A person notifies or gives a notification to another by taking steps reasonably required to inform the other person in ordinary course, whether or not the other person learns of it.  4. A person receives a notification when the notification:  (a) Comes to the person’s attention; or  (b) Is duly delivered at the person’s place of business or at any other place held out by the person as a place for receiving communications.  5. Except as otherwise provided in subsection 6, a person other than a natural person knows, has notice, or receives a notification of a fact for purposes of a particular transaction when the natural person conducting the transaction knows, has notice, or receives a notification of the fact, or in any event when the fact would have been brought to the natural person’s attention if the person had exercised reasonable diligence. The person exercises reasonable diligence if it maintains reasonable routines for communicating significant information to the natural person conducting the transaction and there is reasonable compliance with the routines. Reasonable diligence does not require a natural person acting for the person to communicate information unless the communication is part of the natural person’s regular duties or the natural person has reason to know of the transaction and that the transaction would be materially affected by the information.  6. A partner’s knowledge, notice, or receipt of a notification of a fact relating to the partnership is effective immediately as knowledge by, notice to, or receipt of a notification by the partnership, except in the case of a fraud on the partnership committed by or with the consent of that partner.  (Added to NRS by 2005, 422)
NV Rev Stat § 87.4316 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4316 - Effect of partnership agreement; nonwaivable provisions.

  1. Except as otherwise provided in subsection 2, relations among the partners and between the partners and the partnership are governed by the partnership agreement. To the extent the partnership agreement does not otherwise provide, NRS 87.4301 to 87.4357, inclusive, govern relations among the partners and between the partners and the partnership.  2. The partnership agreement may not:  (a) Vary the rights and duties under NRS 87.4318 except to eliminate the duty to provide copies of statements to all of the partners;  (b) Unreasonably restrict the right of access to books and records under subsection 2 of NRS 87.4335;  (c) Eliminate the duty of loyalty under subsection 2 of NRS 87.4336 or paragraph (c) of subsection 2 of NRS 87.4345, but:  (1) The partnership agreement may identify specific types or categories of activities that do not violate the duty of loyalty, if not manifestly unreasonable; or  (2) All of the partners or a number or percentage specified in the partnership agreement may authorize or ratify, after full disclosure of all material facts, a specific act or transaction that otherwise would violate the duty of loyalty;  (d) Unreasonably reduce the duty of care under subsection 3 of NRS 87.4336 or paragraph (c) of subsection 2 of NRS 87.4345;  (e) Eliminate the obligation of good faith and fair dealing under subsection 4 of NRS 87.4336, but the partnership agreement may prescribe the standards by which the performance of the obligation is to be measured, if the standards are not manifestly unreasonable;  (f) Vary the power to dissociate as a partner under subsection 1 of NRS 87.4344, except to require the notice under subsection 1 of NRS 87.4343 to be in writing;  (g) Vary the right of a court to expel a partner in the events specified in subsection 5 of NRS 87.4343;  (h) Vary the requirement to wind up the partnership business in cases specified in subsection 4, 5 or 6 of NRS 87.4351;  (i) Vary the law applicable to a registered limited-liability partnership pursuant to NRS 87.560; or  (j) Restrict rights of third parties pursuant to NRS 87.4301 to 87.4357, inclusive.  (Added to NRS by 2005, 423)
NV Rev Stat § 87.4317 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4317 - Supplemental principles of law.

  1. Unless displaced by particular provisions of NRS 87.4301 to 87.4357, inclusive, the principles of law and equity supplement the provisions of NRS 87.4301 to 87.4357, inclusive.  2. If an obligation to pay interest arises pursuant to NRS 87.4301 to 87.4357, inclusive, and the rate is not specified, the rate is that specified in NRS 99.040.  (Added to NRS by 2005, 424)
NV Rev Stat § 87.4318 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4318 - Execution, filing and recording of statements.

  1. A statement may be filed in the Office of the Secretary of State. A certified copy of a statement that is filed in an office in another state may be filed in the Office of the Secretary of State. Either filing has the effect provided in NRS 87.4301 to 87.4357, inclusive, with respect to partnership property located in or transactions that occur in this State.  2. A certified copy of a statement that has been filed in the Office of the Secretary of State and recorded in the office of the applicable county recorder has the effect provided for recorded statements in NRS 87.4301 to 87.4357, inclusive. A recorded statement that is not a certified copy of a statement filed in the Office of the Secretary of State does not have the effect provided for recorded statements in NRS 87.4301 to 87.4357, inclusive.  3. A statement filed by a partnership must be executed by at least two partners. Other statements must be executed by a partner or other person authorized by NRS 87.4301 to 87.4357, inclusive. A natural person who executes a statement as, or on behalf of, a partner or other person named as a partner in a statement shall personally declare under penalty of perjury that the contents of the statement are accurate.  4. A person authorized by NRS 87.4301 to 87.4357, inclusive, to file a statement may amend or cancel the statement by filing an amendment or cancellation that names the partnership, identifies the statement and states the substance of the amendment or cancellation.  5. A person who files a statement pursuant to this section shall promptly send a copy of the statement to every nonfiling partner and to any other person named as a partner in the statement. Failure to send a copy of a statement to a partner or other person does not limit the effectiveness of the statement as to a person not a partner.  (Added to NRS by 2005, 424)
NV Rev Stat § 87.4319 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4319 - Governing law.

Except as otherwise provided in NRS 87.560, the law of the jurisdiction in which a partnership has its chief executive office governs relations among the partners and between the partners and the partnership.  (Added to NRS by 2005, 425)
NV Rev Stat § 87.432 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.432 - Partnership subject to amendment to or repeal of NRS 87.4301 to 87.4357, inclusive.

A partnership governed by NRS 87.4301 to 87.4357, inclusive, is subject to any amendment to or repeal of NRS 87.4301 to 87.4357, inclusive.  (Added to NRS by 2005, 425)
NV Rev Stat § 87.4333 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4333 - Rights and duties of partner.

  1. Each partner is deemed to have an account that is:  (a) Credited with an amount equal to the money plus the value of any other property, net of the amount of any liabilities, the partner contributes to the partnership and the partner’s share of the partnership profits; and  (b) Charged with an amount equal to the money plus the value of any other property, net of the amount of any liabilities, distributed by the partnership to the partner and the partner’s share of the partnership losses.  2. Each partner is entitled to an equal share of the partnership profits and is chargeable with a share of the partnership losses in proportion to the partner’s share of the profits.  3. A partnership shall reimburse a partner for payments made and indemnify a partner for liabilities incurred by the partner in the ordinary course of the business of the partnership or for the preservation of its business or property.  4. A partnership shall reimburse a partner for an advance to the partnership beyond the amount of capital the partner agreed to contribute.  5. A payment or advance made by a partner which gives rise to a partnership obligation under subsection 3 or 4 constitutes a loan to the partnership which accrues interest from the date of the payment or advance.  6. Each partner has equal rights in the management and conduct of the partnership business.  7. A partner may use or possess partnership property only on behalf of the partnership.  8. A partner is not entitled to remuneration for services performed for the partnership, except for reasonable compensation for services rendered in winding up the business of the partnership.  9. A person may become a partner only with the consent of all of the partners.  10. A difference arising as to a matter in the ordinary course of business of a partnership may be decided by a majority of the partners. An act outside the ordinary course of business of a partnership and an amendment to the partnership agreement may be undertaken only with the consent of all of the partners.  11. This section does not affect the obligations of a partnership to other persons under NRS 87.4325.  (Added to NRS by 2005, 430)
NV Rev Stat § 87.4334 (2021)
2021 Nevada Revised Statutes|Chapter 87 - Partnerships|NRS 87.4334 - Distributions in kind.

A partner has no right to receive, and may not be required to accept, a distribution in kind.  (Added to NRS by 2005, 430)