NRS 87A.420: Right to distribution.
Where this section sits in the code
- TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES
- CHAPTER 87A - UNIFORM LIMITED PARTNERSHIP ACT (2001)
- 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obligation to make a distribution is subject to offset for any amount owed to the limited partnership by the partner or withdrawn partner on whose account the distribution is made.
Collected 2026-09-03T05:51:31Z. Source file · JSON