{"data":{"id":"us-ia/iowa-code-488.507","jurisdiction":"us-ia","citation":"Iowa Code § 488.507","heading":"Right to distribution.","body":"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.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 488 - UNIFORM LIMITED PARTNERSHIP ACT","Article 5 - CONTRIBUTIONS AND DISTRIBUTIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/488.507.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"4b9cbc63116717a75a2a3ec53d5f6d9d67621cddfac98d27188f71300c51c95b","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-488.506","next":"us-ia/iowa-code-488.508"},"notice":"GroundRules: Original legal text. Not legal advice."}