Ala. Code § 10A-9A-5.07: Right to Distribution.
Where this section sits in the code
- Title 10A Alabama Business and Nonprofit Entities Code.
- Chapter 9A Alabama Limited Partnership Law.
- 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