GroundRules
← Search the law
New Mexico · Through 2022-05-12

54-2A-507: Right to distribution.

Read at publisher ↗
Where this section sits in the code
  1. Chapter 54 - Partnerships
  2. ARTICLE 2A Uniform Revised Limited Partnership Act

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 2026-09-03T15:02:20Z. Source file · JSON

Browse this collection