{"data":{"id":"us-nm/54-2a-507","jurisdiction":"us-nm","citation":"54-2A-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 54 - Partnerships","ARTICLE 2A Uniform Revised Limited Partnership Act"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18557/index.do","current_through":"2022-05-12","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"ec6077700b41928ea891a40dd2b3552df853dec4839959e4b7bbafd8e747dd1b","source_id":"us-nm","stale":false,"prev":"us-nm/54-2a-506","next":"us-nm/54-2a-508"},"notice":"GroundRules: Original legal text. Not legal advice."}