31 M.R.S. §1367: Right to distribution
Where this section sits in the code
- TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 19: UNIFORM LIMITED PARTNERSHIP ACT
- SUBCHAPTER 5: CONTRIBUTIONS AND DISTRIBUTIONS
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 2026-09-04T15:12:37Z. Source file · JSON