GroundRules
11 V.S.A. § 3457: Limitations on distribution
Where this section sits in the code
- Title 11: Corporations, Partnerships and Associations
- Chapter 023: Limited Partnerships
- Subchapter 006: 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 2026-09-05T16:00:51Z. Source file · JSON