Okla. Stat. tit. 54 § 500-507A

Current through Laws 2024, c. 453.
Section 500-507A - 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.

Okla. Stat. tit. 54, § 500-507A

Added by Laws 2010 , SB 1132, c. 384, § 49, eff. 1/1/2011.