There is a newer version
of
this Section
2020 Oklahoma Statutes
Title 54. Partnership
§54-500-507A. Right to distribution.
Universal Citation: 54 OK Stat § 54-500-507A (2020)
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.
Added by Laws 2010, c. 384, § 49, eff. Jan. 1, 2011.
Disclaimer: These codes may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
