RCW 25.10.461 Form of contribution. A contribution of a partner may consist of tangible or intangible property or other benefit to the limited partnership, including money, services performed, promissory notes, other agreements to contribute cash or property, and contracts for services to be performed. [ 2009 c 188 § 501.]
RCW 25.10.466 Liability for contribution. (1) A partner’s obligation to contribute money or other property or other benefit to, or to perform services for, a limited partnership is not excused by the partner’s death, disability, or other inability to perform personally. (2) If a partner does not make a promised nonmonetary contribution, the partner is […]
RCW 25.10.471 Sharing of distributions. A distribution by a limited partnership must be shared among the partners on the basis of the value, as stated in the required records when the limited partnership decides to make the distribution, of the contributions the limited partnership has received from each partner. [ 2009 c 188 § 503.]
RCW 25.10.476 Interim distributions. A partner does not have a right to any distribution before the dissolution and winding up of the limited partnership unless the limited partnership decides to make an interim distribution. [ 2009 c 188 § 504.]
RCW 25.10.481 No distribution on account of dissociation. A person does not have a right to receive a distribution on account of dissociation. [ 2009 c 188 § 505.]
RCW 25.10.486 Distribution in kind. A partner does not have a right to demand or receive any distribution from a limited partnership in any form other than cash. Subject to RCW 25.10.621(2), a limited partnership may distribute an asset in kind to the extent each partner receives a percentage of the asset equal to the […]
RCW 25.10.491 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 […]
RCW 25.10.496 Limitations on distribution. (1) A limited partnership may not make a distribution in violation of the partnership agreement. (2) A limited partnership may not make a distribution to the extent that at the time of the distribution, after giving effect to the distribution: (a) The limited partnership would not be able to pay […]
RCW 25.10.501 Liability for improper distributions. (1) A general partner that consents to a distribution made in violation of RCW 25.10.496 is personally liable to the limited partnership for the amount of the distribution that exceeds the amount that could have been distributed without the violation if it is established that in consenting to the […]
