Nevada Code § 87.4333

1. Each partner is deemed to have an
account that is:
(a) Credited with an amount equal to the money
plus the value of any other property, net of the amount of any liabilities, the
partner contributes to the partnership and the partners share of the
partnership profits; and
(b) Charged with an amount equal to the money
plus the value of any other property, net of the amount of any liabilities,
distributed by the partnership to the partner and the partners share of the
partnership losses.
2. Each partner is entitled to an equal
share of the partnership profits and is chargeable with a share of the
partnership losses in proportion to the partners share of the profits.
3. A partnership shall reimburse a partner
for payments made and indemnify a partner for liabilities incurred by the
partner in the ordinary course of the business of the partnership or for the
preservation of its business or property.
4. A partnership shall reimburse a partner
for an advance to the partnership beyond the amount of capital the partner
agreed to contribute.
5. A payment or advance made by a partner
which gives rise to a partnership obligation under subsection 3 or 4
constitutes a loan to the partnership which accrues interest from the date of
the payment or advance.
6. Each partner has equal rights in the
management and conduct of the partnership business.
7. A partner may use or possess
partnership property only on behalf of the partnership.
8. A partner is not entitled to remuneration
for services performed for the partnership, except for reasonable compensation
for services rendered in winding up the business of the partnership.
9. A person may become a partner only with
the consent of all of the partners.
10. A difference arising as to a matter in
the ordinary course of business of a partnership may be decided by a majority
of the partners. An act outside the ordinary course of business of a
partnership and an amendment to the partnership agreement may be undertaken
only with the consent of all of the partners.
11. This section does not affect the
obligations of a partnership to other persons under NRS 87.4325 .

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