Ala. Code § 10A-8A-4.06
Current with legislation from 2024 effective through May 17, 2024.
Subject to Section 10A-8A-7.01, a partner has a right to a distribution before the dissolution and winding up of a partnership as provided in the partnership agreement. A decision to make a distribution before the dissolution and winding up of the partnership is a decision in the ordinary course of the business or not for profit activity of the partnership.
Ala. Code § 10A-8A-4.06 (1975)