88.535 - Rights and remedies of creditor of partner. - Nevada Statutes

88.535  Rights and remedies of creditor of partner.

      1.  On application to a court of competent jurisdiction by any judgment creditor of a partner, the court may charge the partnership interest of the partner with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the partnership interest.

      2.  This section:

      (a) Provides the exclusive remedy by which a judgment creditor of a partner or an assignee of a partner may satisfy a judgment out of the partnership interest of the judgment debtor.

      (b) Does not deprive any partner of the benefit of any exemption laws applicable to the partnership interest of the partner.

      (Added to NRS by 1985, 1290; A 2001, 1400, 3199; 2003, 3155; 2003, 20th Special Session, 101)