Business which may be carried on; prohibition against formation of limited partnership for certain illegal purposes.

NRS 88.342 Business which may be carried on; prohibition against formation of limited partnership for certain illegal purposes. 1. A limited partnership may carry on any business that a partnership without limited partners may carry on except banking or insurance. 2. A person shall not form a limited partnership for any illegal purpose or with the fraudulent intent to conceal any business activity, or lack thereof, from another person or a governmental agency. (Added to NRS by 1987, 78; A 2013, 881)