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Alabama · Through Act 2026-611

Ala. Code § 10A-9A-5.07: Right to Distribution.

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Where this section sits in the code
  1. Title 10A Alabama Business and Nonprofit Entities Code.
  2. Chapter 9A Alabama Limited Partnership Law.
  3. Article 5 Contributions and Distributions.

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 limited partnership with respect to the distribution. However, the limited partnership’s obligation to make a distribution is subject to offset for any amount owed to the limited partnership by the partner or dissociated partner on whose account the distribution is made.

Collected 2026-09-03T14:01:53Z. Source file · JSON

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