Minn. Stat. § 321.0507: RIGHT TO DISTRIBUTION.
Where this section sits in the code
- BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
- CHAPTER 321. UNIFORM LIMITED PARTNERSHIP ACT 2001
- ARTICLE 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 2026-09-02T22:10:42Z. Source file · JSON