Statutes, codes, and regulations
General Statutes of Connecticut
Title 34 - LIMITED PARTNERSHIPS, PARTNERSHIPS, PROFESSIONAL ASSOCIATIONS, LIMITED LIABILITY COMPANIES AND STATUTORY TRUSTS
Chapter 610 - UNIFORM LIMITED PARTNERSHIP ACT
Section 34-24 - Limitation on amount of distribution

Conn. Gen. Stat. § 34-24

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Current with legislation from the 2024 Regular and Special Sessions.
Section 34-24 - Limitation on amount of distribution

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.

Conn. Gen. Stat. § 34-24

(1961, P.A. 79, S. 16; P.A. 79-440, S. 36.)

Cited. 11 Conn.App. 404.