2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
321.0507 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.
History: 2004 c 199 art 5 s 49
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.
History: 2004 c 199 art 5 s 49
Official Publication of the State of Minnesota
Revisor of Statutes