2014 Nevada Revised Statutes
Chapter 88 - Uniform Limited Partnership Act
NRS 88.608 - Liability of partner for debt or liability of partnership.
1. Unless otherwise provided by the certificate of limited partnership or partnership agreement, a partner of a registered limited-liability limited partnership is not personally liable for a debt or liability of the registered limited-liability limited partnership unless the trier of fact determines that adherence to the fiction of a separate entity would sanction fraud or promote a manifest injustice.
2. For purposes of this section, the failure of a registered limited-liability limited partnership to observe the formalities or requirements relating to the management of the registered limited-liability limited partnership, in and of itself, is not sufficient to establish grounds for imposing personal liability on a partner for a debt or liability of the registered limited-liability limited partnership.
(Added to NRS by 2003, 20th Special Session, 86; A 2009, 1713)
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