There Is a Newer Version of the Utah Code
2012 Utah Code
Title 48 - Partnership
Article 2a - Utah Revised Uniform Limited Partnership Act
Section 607 - Limitations on distributions.
UT Code § 48-2a-607 (2012) What's This?
48-2a-607. Limitations on distributions.
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.
Enacted by Chapter 233, 1990 General Session
Repealed by Chapter 353, 2011 General Session
Disclaimer: These codes may not be the most recent version. Utah 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.
