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RSA 304-B:37 · Limitations on Distributions

Title: PARTNERSHIPS
Chapter: 304-B · UNIFORM LIMITED PARTNERSHIP ACT
Status: current
Official source linked: Yes

Official source

304-B:37 Limitations on Distributions. –
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. 1987, 349:1, eff. Jan. 1, 1988.

Source note

Source. 1987, 349:1, eff. Jan. 1, 1988.

Source history

1987, 349:1, eff. Jan. 1, 1988