Nevada Administrative Code (Last Updated: January 6, 2015)

NAC697.220. Changes in membership.

Latest version.

Upon any change in the membership of a partnership, whether through death, dissolution, addition, deletion, revocation of the license of any partner or otherwise, the survivors or successors to the partnership business, if they wish to continue to act as a partnership, must promptly file a new statement pursuant to NAC 697.210. If the change in membership arises through the death of a partner, the Commissioner may allow the partnership to continue to transact business as a partnership pursuant to NRS 683A.300.

[Comm’r of Insurance, M-8 § XVI, eff. 11-22-78]

                    
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