# Nev. Rev. Stat. § 143.040: Rights of surviving partner

> Nevada · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.040

## Section

- **Citation:** Nev. Rev. Stat. § 143.040
- **Heading:** Rights of surviving partner
- **Jurisdiction:** Nevada
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NV Code / Title 12 / Chapter 143 / Section 143.040

## Text

1. If a partnership existed between the decedent, at the time of death, and any other person, the surviving partner may continue in possession of the effects of the partnership and settle its business, but the interest of the decedent must be included in the inventory and appraised as an asset of the estate.

2. The surviving partner shall proceed to settle the affairs of the partnership without delay, and shall account to the personal representative and pay over such balance as may be, from time to time, payable to the estate of the decedent.

3. Upon the petition of the personal representative, the court may, whenever it may appear necessary, order the surviving partner to render an accounting, and in case of neglect or refusal, may, after notice, compel it by any lawful process, and the personal representative may maintain against the surviving partner any action which the decedent could have maintained.

4. Upon any sale of a partnership interest, the surviving partner may be a bidder.

## Nearby sections

- [Nev. Rev. Stat. § 143.010 Multiple personal representatives: Effect of absence, legal disability or conflict of interest; sufficiency of acts of majority](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.010.md)
- [Nev. Rev. Stat. § 143.020 Right to possession of decedent's property](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.020.md)
- [Nev. Rev. Stat. § 143.030 Duty to take possession of estate and collect debts; exception for certain assets held by guardian](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.030.md)
- [Nev. Rev. Stat. § 143.035 Duty to use reasonable diligence; report required if estate not closed within certain times; hearing and determinations by court](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.035.md)
- [Nev. Rev. Stat. § 143.037 Duty to close estate within 18 months after appointment; exceptions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.037.md)
- [Nev. Rev. Stat. § 143.040 Rights of surviving partner](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.040.md)
- [Nev. Rev. Stat. § 143.050 Continuing business of decedent; exception; prohibition on separate compensation for continuing business](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.050.md)
- [Nev. Rev. Stat. § 143.060 Extent of power to sue and be sued](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.060.md)
- [Nev. Rev. Stat. § 143.065 Statute of limitations for cause of action of decedent](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.065.md)
- [Nev. Rev. Stat. § 143.070 Actions by personal representative for conversion or trespass](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.070.md)
- [Nev. Rev. Stat. § 143.080 Actions against personal representative for conversion or trespass](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.080.md)
- [Nev. Rev. Stat. § 143.090 Action on bond of former personal representative](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.090.md)
- [Nev. Rev. Stat. § 143.100 Action for conversion before letters granted](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.100.md)
- [Nev. Rev. Stat. § 143.110 Procedure when conversion alleged: Citation; examination; allowance of necessary expenses](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.110.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.040. Check the current official text before relying on it. Not legal advice.