California Corporations Code ARTICLE 5 - Contributions and Distributions

Section 15905.01.
A contribution of a partner may consist of tangible or intangible property or other benefit to the limited partnership, including money, services performed, promissory notes,...
Section 15905.02.
(a) A partner’s obligation to contribute money or other property or other benefit to, or to perform services for, a limited partnership is not excused by...
Section 15905.03.
A distribution by a limited partnership must be shared among the partners on the basis of the value, as stated in the required records when...
Section 15905.035.
The profits and losses of a limited partnership shall be allocated among the partners in the manner provided in the partnership agreement. If the partnership...
Section 15905.04.
A partner does not have a right to any distribution before the dissolution and winding up of the limited partnership unless the limited partnership decides...
Section 15905.05.
A person does not have a right to receive a distribution on account of dissociation.(Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1,...
Section 15905.06.
A partner does not have a right to demand or receive any distribution from a limited partnership in any form other than cash. Subject to...
Section 15905.07.
When a partner or transferee becomes entitled to receive a distribution, the partner or transferee has the status of, and is entitled to all remedies...
Section 15905.08.
(a) A limited partnership may not make a distribution in violation of the partnership agreement.(b) A limited partnership may not make a distribution if after the distribution:(1) the...
Section 15905.09.
(a) A general partner that consents to a distribution made in violation of Section 15905.08 is personally liable to the limited partnership for the amount of...

Last modified: October 22, 2018