Ky. Rev. Stat. § 362.2-507

Current through 2024 Ky. Acts ch. 225
Section 362.2-507 - Right to distribution

When a partner becomes entitled to receive a distribution, the partner 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.

KRS 362.2-507

Effective:7/12/2006
Created 2006, Ky. Acts ch. 149, sec. 135, effective7/12/2006.