North Carolina General Statutes § 59-604 Distribution upon withdrawal
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Except as provided in this Article, upon withdrawal any withdrawing partner is entitled to receive any distribution to which the partner is entitled under the partnership agreement and, if not otherwise provided in the agreement, the partner is entitled to receive, within a reasonable time after withdrawal, the fair value of the partner's partnership interest in the limited partnership as of the date of withdrawal, based upon the partner's right to share in distributions from the limited partnership. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999‑362, s. 28.)
Sections: 59-501 59-502 59-503 59-504 59-601 59-602 59-603 59-604 59-605 59-606 59-607 59-608 59-701 59-702 59-703
Last modified: February 21, 2012
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