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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 321.0507: RIGHT TO DISTRIBUTION.

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Where this section sits in the code
  1. BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
  2. CHAPTER 321. UNIFORM LIMITED PARTNERSHIP ACT 2001
  3. 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

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