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.
Section: Previous 32.11.240 32.11.250 32.11.260 32.11.270 32.11.280 32.11.290 32.11.300 32.11.310 NextLast modified: November 15, 2016