GroundRules
N.C. Gen. Stat. § 59-607: Limitations on distribution.
Where this section sits in the code
- Chapter 59. Partnership.
- Article 5. Revised Uniform Limited Partnership Act.
- Part 6. Distribution and Withdrawal.
A partner shall not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
Collected 2026-08-27T18:07:02Z. Source file · JSON