Kentucky Revised Statutes · § 362.2-507 — Right to distribution
362.2-507. Right to distribution
When a partner becomes entitled to receive a distribution, the partner 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.
Source notes
Effective: July 12, 2006
History and annotations
Created 2006 Ky. Acts ch. 149, sec. 135, effective July 12, 2006.
Source captured 2026-09-25. Open the official source.