{"data":{"id":"us-ut/utah-code-16-18-503","jurisdiction":"us-ut","citation":"Utah Code § 16-18-503","heading":"Sharing of and right to distributions before dissolution.","body":"(1) Any distributions made by a partnership before the partnership's dissolution and winding up must be in equal shares among partners, except to the extent necessary to comply with a transfer effective under Section 16-18-603 or charging order in effect under Section 16-18-604.\n(2) A person has a right to a distribution before the dissolution and winding up of a partnership only if the partnership decides to make an interim distribution.\n(3)\n(a) A person does not have a right to demand or receive a distribution from a partnership in any form other than money.\n(b) Except as otherwise provided in Section 16-18-906, a partnership may distribute an asset in kind only if each part of the asset is fungible with each other part and each person receives a percentage of the asset equal in value to the person's share of distributions.\n(4)\n(a) If 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 partnership with respect to the distribution.\n(b) However, the partnership's obligation to make a distribution is subject to offset for any amount owed to the partnership by the partner or a person dissociated as partner on whose account the distribution is made.","path":["Title 16 Business Entities","Chapter 16-18 Utah Uniform Partnership Act","Part 16-18-5 Contributions And Distributions"],"source_url":"https://le.utah.gov/xcode/Title16/Chapter18/16-18-S503.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-10-08T05:55:33Z","sha256":"33e87d2d9ca270a720639dc553dd32e120524f2ecf98de09e61c0a603545dbe5","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-16-18-502","next":"us-ut/utah-code-16-18-504"},"notice":"GroundRules: Original legal text. Not legal advice."}