Effective – 28 Aug 1990 359.321. Interim distributions. — Except as provided in sections 359.321 to 359.391, a partner is entitled to receive distributions from a limited partnership before his withdrawal from the limited partnership and before the dissolution and winding up thereof to the extent and at the times or upon the happening of […]
Effective – 01 Jan 1987 359.331. Withdrawal of a general partner — notice to other partners — breach of partnership agreement, setoff of damages, when. — A general partner may withdraw from a limited partnership at any time by giving written notice to the other partners, but if the withdrawal violates the partnership agreement, the […]
Effective – 20 May 1997 359.341. Withdrawal of a limited partner, when. — A limited partner may withdraw from a limited partnership only at the time or upon the happening of events specified in writing in the partnership agreement. The provisions of this section shall apply to all limited partnerships in existence on the effective […]
Effective – 24 Jun 1997 359.351. Distribution upon withdrawal, when, how determined. — Except as provided in sections 359.321 to 359.391, upon withdrawal any withdrawing partner is entitled to receive the distribution, if any, to which such partner is entitled under the partnership agreement. If the partnership agreement does not provide for a distribution to […]
Effective – 28 Aug 1990 359.361. Distribution in kind. — Except as provided in writing in the partnership agreement, a partner, regardless of the nature of his contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash. Except as provided in writing in the partnership […]
Effective – 01 Jan 1987 359.371. Right to distribution, remedies. — At the time a partner becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. ——– (L. 1985 H.B. 512 & 650) Effective 1-01-87
Effective – 01 Jan 1987 359.381. Limitation on distribution. — 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 […]
Effective – 28 Aug 1990 359.391. Liability upon return of contribution — return received, when. — 1. If a partner has received the return of any part of his contribution without violation of the partnership agreement or this chapter, he is liable to the limited partnership for a period of one year thereafter for the […]
