Ky. Rev. Stat. § 362.2-507
Current through Acts Received April 24, 2024
When a partner becomes entitled to receive a distribution, the partner 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.
KRS 362.2-507
Created 2006, Ky. Acts ch. 149, sec. 135, effective7/12/2006.