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N.C. Gen. Stat. § 59-606

Right to distribution

Showing this section's text as in effect on June 1, 2021 (in force June 1, 2021 – April 1, 2022). View current text →

Subject to the other provisions of Part 6 of this Article, at the time 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.

History

(1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 29.)

Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.