Ala. Code § 10A-8A-4.08: Right to Distribution.
Where this section sits in the code
- Title 10A Alabama Business and Nonprofit Entities Code.
- Chapter 8A Alabama Partnership Law
- Article 4 Relations of Partners to Each Other and to Partnership.
If a partner becomes entitled to receive a distribution, the partner has the status of, and is entitled to all remedies available to, a creditor of the partnership with respect to the distribution. However, the partnership’s obligation to make a distribution is subject to offset for any amount owed to the partnership by the partner or dissociated partner on whose account the distribution is made.
Collected 2026-09-03T14:01:53Z. Source file · JSON