GroundRules
S.C. Code Ann. § 33-42-1070: Limitations on distribution.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 42 Uniform Limited Partnership Act
- ARTICLE 6 Distributions and Withdrawal
A partner may 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.
Collected 2026-09-02T07:04:29Z. Source file · JSON