48-7-607 Limitations on distribution.
48-7-607.
Limitations on 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.
Source: SL 1986, ch 391, § 607.
Chapter 48-7