reglab/housing_qa huggingface dataset:
NV Rev Stat § 87A.300 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.300 - Certificate of authorization to transact business; identification of defaulting partnerships; reinstatement of partnership which is unit-owners’ association; forfeiture and penalty.

  1. If a limited partnership has filed the list in compliance with NRS 87A.290 and has paid the appropriate fee for the filing, the cancelled check or other proof of payment received by the limited partnership constitutes a certificate authorizing it to transact its business within this State until the anniversary date of the filing of its certificate of limited partnership in the next succeeding calendar year.  2. Each limited partnership which is required to make a filing and pay the fee prescribed in NRS 87A.290 and 87A.295 and which refuses or neglects to do so within the time provided is in default.  3. Upon notification from the Administrator of the Real Estate Division of the Department of Business and Industry that a limited partnership which is a unit-owners’ association as defined in NRS 116.011 has failed to register pursuant to NRS 116.31158 or failed to pay the fees pursuant to NRS 116.31155, the Secretary of State shall deem the limited partnership to be in default. If, after the limited partnership is deemed to be in default, the Administrator notifies the Secretary of State that the limited partnership has registered pursuant to NRS 116.31158 and paid the fees pursuant to NRS 116.31155, the Secretary of State shall reinstate the limited partnership if the limited partnership complies with the requirements for reinstatement as provided in this section and NRS 87A.310.  4. For default there must be added to the amount of the fee a penalty of $75, and unless the filings are made and the fee and penalty are paid on or before the first day of the first anniversary of the month following the month in which filing was required, the defaulting limited partnership, by reason of its default, forfeits its right to transact any business within this State.  (Added to NRS by 2007, 452)
NV Rev Stat § 87A.305 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.305 - Defaulting partnerships: Duties of Secretary of State; revocation of certificate; assets held in trust.

  1. The Secretary of State shall notify, by providing written notice to its registered agent, each defaulting limited partnership. The written notice:  (a) Must include a statement indicating the amount of the filing fee, penalties incurred and costs remaining unpaid.  (b) At the request of the registered agent, may be provided electronically.  2. Immediately after the first day of the first anniversary of the month following the month in which filing was required, the certificate of the limited partnership is revoked.  3. The Secretary of State shall compile a complete list containing the names of all limited partnerships whose right to transact business has been forfeited.  4. The Secretary of State shall notify, by providing written notice to its registered agent, each limited partnership specified in subsection 3 of the revocation of its certificate. The written notice:  (a) Must include a statement indicating the amount of the filing fee, penalties incurred and costs remaining unpaid.  (b) At the request of the registered agent, may be provided electronically.  5. In case of revocation of the certificate and of the forfeiture of the right to transact business thereunder, all the property and assets of the defaulting domestic limited partnership are held in trust by the general partners, and the same proceedings may be had with respect thereto as for the judicial dissolution of a limited partnership. Any person interested may institute proceedings at any time after a forfeiture has been declared, but, if the Secretary of State reinstates the limited partnership, the proceedings must at once be dismissed and all property restored to the general partners.  (Added to NRS by 2007, 453)
NV Rev Stat § 87A.310 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.310 - Defaulting partnerships: Conditions and procedure for reinstatement.

  1. Except as otherwise provided in subsections 3 and 4 and NRS 87A.200, the Secretary of State shall reinstate any limited partnership which has forfeited or which forfeits its right to transact business under the provisions of this chapter and restore to the limited partnership its right to carry on business in this State, and to exercise its privileges and immunities if it:  (a) Files with the Secretary of State:  (1) The list required pursuant to NRS 87A.290;  (2) The statement required by NRS 87A.295, if applicable;  (3) The information required pursuant to NRS 77.310; and  (4) A declaration under penalty of perjury, on a form provided by the Secretary of State, that the reinstatement is authorized by a court of competent jurisdiction in this State or by the duly selected general partners of the limited partnership; and  (b) Except as otherwise provided in NRS 231.14057, pays to the Secretary of State:  (1) The filing fee and penalty set forth in NRS 87A.290 and 87A.300 for each year or portion thereof during which the certificate has been revoked;  (2) The fee set forth in NRS 87A.295, if applicable; and  (3) A fee of $300 for reinstatement.  2. When the Secretary of State reinstates the limited partnership, the Secretary of State shall issue to the limited partnership a certificate of reinstatement if the limited partnership:  (a) Requests a certificate of reinstatement; and  (b) Pays the required fees pursuant to NRS 87A.315.  3. Except as otherwise provided in NRS 231.14057, the Secretary of State shall not order a reinstatement unless all delinquent fees and penalties have been paid, and the revocation occurred only by reason of failure to pay the fees and penalties.  4. If a limited partnership’s certificate has been revoked pursuant to the provisions of this chapter and has remained revoked for a period of 5 years, the certificate must not be reinstated.  5. If a limited partnership’s certificate is reinstated pursuant to this section, the reinstatement relates back to and takes effect on the effective date of the revocation, and the limited partnership’s status as a limited partnership continues as if the revocation had never occurred.  (Added to NRS by 2007, 453; A 2007, 1346; 2013, 874; 2019, 924)
NV Rev Stat § 87A.315 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.315 - Fees.

The Secretary of State, for services relating to the official duties of the Secretary of State and the records of the Office of the Secretary of State, shall charge and collect the following fees:  1. For filing a certificate of limited partnership, or for registering a foreign limited partnership, $75.  2. For filing a certificate of registration of limited-liability limited partnership, or for registering a foreign registered limited-liability limited partnership, $100.  3. For filing a certificate of amendment of limited partnership or restated certificate of limited partnership, $175.  4. For certifying a copy of a certificate of limited partnership, an amendment to the certificate, or a certificate as amended, $30 per certification.  5. For certifying an authorized printed copy of the limited partnership law, $30.  6. For reserving a limited partnership name, or for signing, filing or certifying any other record, $25.  7. For copies provided by the Office of the Secretary of State, $2 per page.  8. For filing a certificate of cancellation of a limited partnership or a certificate of cancellation of the registration of a foreign limited partnership, $100.  Except as otherwise provided in this section, the fees set forth in NRS 78.785 apply to this chapter.  (Added to NRS by 2007, 454; A 2010, 26th Special Session, 74)
NV Rev Stat § 87A.320 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.320 - Becoming limited partner.

A person becomes a limited partner:  1. As provided in the partnership agreement;  2. As the result of a conversion or merger under chapter 92A of NRS; or  3. With the consent of all the partners.  (Added to NRS by 2007, 455)
NV Rev Stat § 87A.325 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.325 - No right or power as limited partner to bind limited partnership.

A limited partner does not have the right or the power as a limited partner to act for or bind the limited partnership.  (Added to NRS by 2007, 455)
NV Rev Stat § 87A.330 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.330 - No liability as limited partner for limited partnership obligations.

An obligation of a limited partnership, whether arising in contract, tort or otherwise, is not the obligation of a limited partner. A limited partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of the limited partnership solely by reason of being a limited partner, even if the limited partner participates in the management and control of the limited partnership.  (Added to NRS by 2007, 455)
NV Rev Stat § 87A.340 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.340 - Limited duties of limited partners.

  1. A limited partner does not have any fiduciary duty to the limited partnership or to any other partner solely by reason of being a limited partner.  2. A limited partner shall discharge the duties to the partnership and the other partners under this chapter or under the partnership agreement and exercise any rights consistently with the obligation of good faith and fair dealing.  3. A limited partner does not violate a duty or obligation under this chapter or under the partnership agreement merely because the limited partner’s conduct furthers the limited partner’s own interest.  (Added to NRS by 2007, 456)
NV Rev Stat § 87A.345 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.345 - Person erroneously believing self to be limited partner.

  1. Except as otherwise provided in subsection 2, a person that makes an investment in a business enterprise and erroneously but in good faith believes that the person has become a limited partner in the enterprise is not liable for the enterprise’s obligations by reason of making the investment, receiving distributions from the enterprise or exercising any rights of or appropriate to a limited partner if, on ascertaining the mistake, the person:  (a) Causes an appropriate certificate of limited partnership, amendment or certificate of correction to be signed and delivered to the Secretary of State for filing; or  (b) Withdraws from future participation as an owner in the enterprise by signing and delivering to the Secretary of State for filing a statement of withdrawal under this section.  2. A person that makes an investment described in subsection 1 is liable to the same extent as a general partner to any third party that enters into a transaction with the enterprise, believing in good faith that the person is a general partner, before the Secretary of State files a statement of withdrawal, certificate of limited partnership, amendment or certificate of correction to show that the person is not a general partner.  3. If a person makes a diligent effort in good faith to comply with paragraph (a) of subsection 1 and is unable to cause the appropriate certificate of limited partnership, amendment or certificate of correction to be signed and delivered to the Secretary of State for filing, the person has the right to withdraw from the enterprise pursuant to paragraph (b) of subsection 1 even if the withdrawal would otherwise breach an agreement with others that are or have agreed to become co-owners of the enterprise.  (Added to NRS by 2007, 456)
NV Rev Stat § 87A.350 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.350 - Becoming general partner.

A person becomes a general partner:  1. As provided in the partnership agreement;  2. Under paragraph (b) of subsection 3 of NRS 87A.490 following the withdrawal of a limited partnership’s last general partner;  3. As the result of a conversion or merger under chapter 92A of NRS; or  4. With the consent of all the partners.  (Added to NRS by 2007, 457)
NV Rev Stat § 87A.355 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.355 - General partner agent of limited partnership.

  1. Each general partner is an agent of the limited partnership for the purposes of its activities. An act of a general partner, including the signing of a record in the partnership’s name, for apparently carrying on in the ordinary course the limited partnership’s activities or activities of the kind carried on by the limited partnership binds the limited partnership, unless the general partner did not have authority to act for the limited partnership in the particular matter and the person with which the general partner was dealing knew, had received a notification or had notice under subsection 4 of NRS 87A.150 that the general partner lacked authority.  2. An act of a general partner which is not apparently for carrying on in the ordinary course the limited partnership’s activities or activities of the kind carried on by the limited partnership binds the limited partnership only if the act was actually authorized by all the other partners.  (Added to NRS by 2007, 457)
NV Rev Stat § 87A.360 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.360 - Limited partnership liable for actionable conduct of general partner.

  1. A limited partnership is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a general partner acting in the ordinary course of activities of the limited partnership or with authority of the limited partnership.  2. If, in the course of the limited partnership’s activities or while acting with authority of the limited partnership, a general partner receives or causes the limited partnership to receive money or property of a person not a partner, and the money or property is misapplied by a general partner, the limited partnership is liable for the loss.  (Added to NRS by 2007, 457)
NV Rev Stat § 87A.365 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.365 - Liability of general partner.

  1. Except as otherwise provided in subsections 2 and 3, all general partners are liable jointly and severally for all obligations of the limited partnership unless otherwise agreed by the claimant or provided by law.  2. A person that becomes a general partner of an existing limited partnership is not personally liable for an obligation of a limited partnership incurred before the person became a general partner.  3. An obligation of a limited partnership incurred while the limited partnership is a registered limited-liability limited partnership, whether arising in contract, tort or otherwise, is solely the obligation of the limited partnership. A general partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or acting as a general partner. This subsection applies despite anything inconsistent in the partnership agreement that existed immediately before the consent required to become a registered limited-liability limited partnership under paragraph (b) of subsection 2 of NRS 87A.375.  (Added to NRS by 2007, 457)
NV Rev Stat § 87A.370 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.370 - Actions by and against partnership and partners.

  1. To the extent not inconsistent with NRS 87A.365, a general partner may be joined in an action against the limited partnership or named in a separate action.  2. A judgment against a limited partnership is not by itself a judgment against a general partner. A judgment against a limited partnership may not be satisfied from a general partner’s assets unless there is also a judgment against the general partner.  3. A judgment creditor of a general partner may not levy execution against the assets of the general partner to satisfy a judgment based on a claim against the limited partnership, unless the partner is personally liable for the claim under NRS 87A.365 and:  (a) A judgment based on the same claim has been obtained against the limited partnership and a writ of execution on the judgment has been returned unsatisfied in whole or in part;  (b) The limited partnership is a debtor in bankruptcy;  (c) The general partner has agreed that the creditor need not exhaust limited partnership assets;  (d) A court grants permission to the judgment creditor to levy execution against the assets of a general partner based on a finding that limited partnership assets subject to execution are clearly insufficient to satisfy the judgment, that exhaustion of limited partnership assets is excessively burdensome or that the grant of permission is an appropriate exercise of the court’s equitable powers; or  (e) Liability is imposed on the general partner by law or contract independent of the existence of the limited partnership.  (Added to NRS by 2007, 458)
NV Rev Stat § 87A.375 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.375 - Management rights of general partner.

  1. Each general partner has equal rights in the management and conduct of the limited partnership’s activities. Except as expressly provided in this chapter, any matter relating to the activities of the limited partnership may be exclusively decided by the general partner or, if there is more than one general partner, by a majority of the general partners.  2. The consent of each partner is necessary to:  (a) Amend the partnership agreement;  (b) Register a limited partnership as a registered limited-liability limited partnership pursuant to NRS 87A.630 or to withdraw its registration as a registered limited-liability limited partnership; and  (c) Sell, lease, exchange or otherwise dispose of all, or substantially all, of the limited partnership’s property, with or without the goodwill, other than in the usual and regular course of the limited partnership’s activities.  3. A limited partnership shall reimburse a general partner for payments made and indemnify a general partner for liabilities incurred by the general partner in the ordinary course of the activities of the partnership or for the preservation of its activities or property.  4. A limited partnership shall reimburse a general partner for an advance to the limited partnership beyond the amount of capital the general partner agreed to contribute.  5. A payment or advance made by a general partner which gives rise to an obligation of the limited partnership under subsection 3 or 4 constitutes a loan to the limited partnership which accrues interest from the date of the payment or advance.  6. A general partner is not entitled to remuneration for services performed for the partnership.  (Added to NRS by 2007, 458)
NV Rev Stat § 87A.380 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.380 - Right of general partner and former general partner to information.

  1. A general partner, without having any particular purpose for seeking the information, may inspect and copy during regular business hours:  (a) In the limited partnership’s designated office, required information; and  (b) At a reasonable location specified by the limited partnership, any other records maintained by the limited partnership regarding the limited partnership’s activities and financial condition.  2. Each general partner and the limited partnership shall furnish to a general partner:  (a) Without demand, any information concerning the limited partnership’s activities and activities reasonably required for the proper exercise of the general partner’s rights and duties under the partnership agreement or this chapter; and  (b) On demand, any other information concerning the limited partnership’s activities, except to the extent the demand or the information demanded is unreasonable or otherwise improper under the circumstances.  3. Subject to subsection 5, on 10 days’ demand made in a record received by the limited partnership, a person withdrawn as a general partner may have access to the information and records described in subsection 1 at the location specified in subsection 1 if:  (a) The information or record pertains to the period during which the person was a general partner;  (b) The person seeks the information or record in good faith; and  (c) The person satisfies the requirements imposed on a limited partner by subsection 2 of NRS 87A.335.  4. The limited partnership shall respond to a demand made pursuant to subsection 3 in the same manner as provided in subsection 3 of NRS 87A.335.  5. If a general partner dies, NRS 87A.485 applies.  6. The limited partnership may impose reasonable restrictions on the use of information under this section. In any dispute concerning the reasonableness of a restriction under this subsection, the limited partnership has the burden of proving reasonableness.  7. A limited partnership may charge a person withdrawn as a general partner that makes a demand under this section reasonable costs of copying, limited to the costs of labor and material.  8. A general partner or person withdrawn as a general partner may exercise the rights under this section through an attorney or other agent. Any restriction imposed under subsection 6 or by the partnership agreement applies both to the attorney or other agent and to the general partner or person withdrawn as a general partner.  9. The rights under this section do not extend to a person as transferee, but the rights under subsection 3 of a person withdrawn as a general partner may be exercised by the legal representative of a natural person withdrawn as a general partner under paragraph (b) or (c) of subsection 7 of NRS 87A.445.  (Added to NRS by 2007, 459)
NV Rev Stat § 87A.385 (2021)
2021 Nevada Revised Statutes|Chapter 87A - Uniform Limited Partnership Act (2001)|NRS 87A.385 - General standards of conduct of general partner.

  1. The only fiduciary duties that a general partner has to the limited partnership and the other partners are the duties of loyalty and care under subsections 2 and 3.  2. A general partner’s duty of loyalty to the limited partnership and the other partners is limited to the following:  (a) To account to the limited partnership and hold as trustee for it any property, profit or benefit derived by the general partner in the conduct and winding up of the limited partnership’s activities or derived from a use by the general partner of limited partnership property, including the appropriation of a limited partnership opportunity;  (b) To refrain from dealing with the limited partnership in the conduct or winding up of the limited partnership’s activities as or on behalf of a party having an interest adverse to the limited partnership; and  (c) To refrain from competing with the limited partnership in the conduct or winding up of the limited partnership’s activities.  3. A general partner’s duty of care to the limited partnership and the other partners in the conduct and winding up of the limited partnership’s activities is limited to refraining from engaging in grossly negligent or reckless conduct, intentional misconduct or a knowing violation of law.  4. A general partner shall discharge the duties to the partnership and the other partners under this chapter or under the partnership agreement and exercise any rights consistently with the obligation of good faith and fair dealing.  5. A general partner does not violate a duty or obligation under this chapter or under the partnership agreement merely because the general partner’s conduct furthers the general partner’s own interest.  (Added to NRS by 2007, 460)