54-2A-507: Right to distribution.
Where this section sits in the code
- Chapter 54 - Partnerships
- 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