§ 15905.07
72 words·~1 min read·
/ca/corporations-code/15905-07A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 available to, a creditor of the limited partnership with respect to the distribution. However, the limited partnership’s obligation to make a distribution is subject to offset for any amount owed to the limited partnership by the partner or dissociated partner on whose account the distribution is made.