{"data":{"id":"us-il/805-ilcs-215-507","jurisdiction":"us-il","citation":"805 ILCS 215/507","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":["CHAPTER 805 BUSINESS ORGANIZATIONS","Uniform Limited Partnership Act (2001)."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2625\u0026ChapterID=65\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"ec6077700b41928ea891a40dd2b3552df853dec4839959e4b7bbafd8e747dd1b","source_id":"us-il","stale":false,"prev":"us-il/805-ilcs-215-506","next":"us-il/805-ilcs-215-508"},"notice":"GroundRules: Original legal text. Not legal advice."}