67-268. Right to distribution; remedies; record date.
59 words·~1 min read·
/ne/chapter-67/67-268A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
At the time a partner becomes entitled to receive a distribution, he or she has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. A partnership agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited partnership.