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the Missouri Revised Statutes
2012 Missouri Revised Statutes
TITLE XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 359 Uniform Limited Partnership Law
Section 359.381 Limitation on distribution.
Universal Citation:
MO Rev Stat § 359.381 (2012)
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Limitation on distribution.
359.381. A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.
(L. 1985 H.B. 512 & 650)Effective 1-1-87
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