87.4337 - Actions by partnership and partners. - Nevada Statutes

87.4337  Actions by partnership and partners.

      1.  A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.

      2.  A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to:

      (a) Enforce the partner’s rights under the partnership agreement;

      (b) Enforce the partner’s rights under NRS 87.4301 to 87.4357, inclusive, including:

             (1) The partner’s rights under NRS 87.4333, 87.4335 or 87.4336;

             (2) The partner’s right on dissociation to have the partner’s interest in the partnership purchased pursuant to NRS 87.4346 or enforce any other right under NRS 87.4343 to 87.435, inclusive; or

             (3) The partner’s right to compel a dissolution and winding up of the partnership business under NRS 87.4351 or enforce any other right under NRS 87.4351 to 87.4357, inclusive; or

      (c) Enforce the rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship.

      3.  The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.

      (Added to NRS by 2005, 431)