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2021 Kentucky Revised Statutes
Chapter 362 - Partnerships
Subchapter 362.2 - Kentucky Uniform Limited Partnership Act (2006)
362.2-507 Right to distribution.

Universal Citation: KY Rev Stat § 362.2-507 (2021)
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362.2-507 Right to distribution. 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. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 149, sec. 135, effective July 12, 2006.
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