6 Del. C. § 17-606

Right to distribution.

Last amended: 1995Year: 2026Length: 78 wordsSubsections: 2Official source
(a) Subject to §§ 17-607 and 17-804 of this title, and unless otherwise provided in the partnership agreement, at the time a partner becomes entitled to receive a distribution, he or she has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. (b) A partnership agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited partnership.
6 Del. C. § 17-606: Right to distribution. | Justis AI