2014 Pennsylvania Consolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 85 - Limited Partnerships
Section 8556 - Right to distribution
§ 8556. Right to distribution.
(a) General rule.--Except as otherwise provided in the partnership agreement, at the time a partner becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.
(b) Record date.--The partnership agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited partnership.
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