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TITLE 2. PARTNERSHIPS 15800-16962›CHAPTER 4.5. Uniform Limited Partnership Act of 2008 15900-15912.07›ARTICLE 5. Contributions and Distributions 15905.01-15905.09

§ 15905.07

California Corporations Code · 2018-11 edition · updated 2026-10-04 · California

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 Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.)

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California Corporations Code

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