Nevada Revised Statutes 88.315 – Definitions
As used in this chapter, unless the context otherwise requires:
Terms Used In Nevada Revised Statutes 88.315
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Certificate of limited partnership: means the certificate referred to in NRS 88. See Nevada Revised Statutes 88.315
- General partner: means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner. See Nevada Revised Statutes 88.315
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Limited partner: means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement. See Nevada Revised Statutes 88.315
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Partner: means a limited or general partner. See Nevada Revised Statutes 88.315
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership agreement: means any valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business. See Nevada Revised Statutes 88.315
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Registered agent: has the meaning ascribed to it in NRS 77. See Nevada Revised Statutes 88.315
- Registered limited-liability limited partnership: means a limited partnership:
(a) Formed pursuant to an agreement governed by this chapter; and
(b) Registered pursuant to and complying with NRS 88. See Nevada Revised Statutes 88.315
- Restricted limited partnership: means a limited partnership organized and existing under this chapter that elects to include the optional provisions permitted by NRS 88. See Nevada Revised Statutes 88.315
- State: means a state, territory or possession of the United States, the District of Columbia or the Commonwealth of Puerto Rico. See Nevada Revised Statutes 88.315
1. ’Certificate of limited partnership‘ means the certificate referred to in NRS 88.350, and the certificate as amended or restated.
2. ’Contribution’ means any cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property or to perform services, which a partner contributes to a limited partnership in his or her capacity as a partner.
3. ’Event of withdrawal of a general partner‘ means an event that causes a person to cease to be a general partner as provided in NRS 88.450.
4. ’Foreign limited partnership’ means a partnership formed under the laws of a jurisdiction other than this State and having as partners one or more general partners and one or more limited partners.
5. ’Foreign registered limited-liability limited partnership‘ means a foreign limited-liability limited partnership:
(a) Formed pursuant to an agreement governed by the laws of another state; and
(b) Registered pursuant to and complying with NRS 88.570 to 88.605, inclusive, and 88.609.
6. ’General partner’ means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner.
7. ’Limited partner’ means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement.
8. ’Limited partnership’ and ‘domestic limited partnership’ mean a partnership formed by two or more persons under the laws of this State and having one or more general partners and one or more limited partners, including a restricted limited partnership.
9. ’Partner’ means a limited or general partner.
10. ’Partnership agreement’ means any valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business.
11. ’Partnership interest’ means a partner’s share of the profits and losses of a limited partnership and the right to receive distributions of partnership assets.
12. ’Registered limited-liability limited partnership’ means a limited partnership:
(a) Formed pursuant to an agreement governed by this chapter; and
(b) Registered pursuant to and complying with NRS 88.350 to 88.415, inclusive, 88.548, 88.606, 88.6065 and 88.607.
13. ’Registered agent’ has the meaning ascribed to it in NRS 77.230.
14. ’Registered office’ means the office maintained at the street address of the registered agent.
15. ’Restricted limited partnership’ means a limited partnership organized and existing under this chapter that elects to include the optional provisions permitted by NRS 88.350.
16. ’State’ means a state, territory or possession of the United States, the District of Columbia or the Commonwealth of Puerto Rico.