Maine Code § 31-1367

Right to distribution
Open in Lexace · Ask the AI about this section
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. [PL 2005, c. 543, Pt. C, §2 (NEW).]

‹ Prev All Maine sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.