GroundRules
CORP § 15905.07
Where this section sits in the code
- Corporations Code - CORP
- TITLE 2. PARTNERSHIPS [15800. - 16962.]
- CHAPTER 4.5. Uniform Limited Partnership Act of 2008 [15900. - 15912.07.]
- ARTICLE 5. Contributions and Distributions [15905.01. - 15905.09.]
When a partner or transferee becomes entitled to receive a distribution, the partner or transferee 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 2026-09-14T05:56:33Z. Source file · JSON