35-12-1006. Right to distributions.
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/mt/title-35/chapter-12/part-10/35-12-1006·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-12-1006 . Right to distributions. When a partner or transferee becomes entitled to receive a distribution, the partner or transferee has the status of and is entitled to all of the 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.