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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-705.07: Right to distribution.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 7. Limited Partnerships.
  3. Subchapter V. Contributions and Distributions.

If 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 shall be 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 2026-08-29T05:44:07Z. Source file · JSON

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