Minn. Stat. § 321.0507

Current through 2024, c. 127
Section 321.0507 - RIGHT TO DISTRIBUTION

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.

Minn. Stat. § 321.0507

2004 c 199 art 5 s 49