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2020 Minnesota Statutes
Chapters 300 - 323A — Business, Social, And Charitable Organizations
Chapter 322 — 1919 Uniform Limited Partnership Act
Section 322.15 — Compensation Of Limited Partner.
Universal Citation: MN Stat § 322.15 (2020)
322.15 COMPENSATION OF LIMITED PARTNER.
A limited partner may receive from the partnership the share of the profits or the compensation by way of income stipulated for in the certificate; provided, that, after such payment is made, whether from the property of the partnership or that of a general partner, the partnership assets are in excess of all liabilities of the partnership except liabilities to limited partners on account of their contributions and to general partners.
History:(7367) 1919 c 498 s 15
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