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§ 10-601. Interim distributions

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 10. Limited Partnership Act (Refs & Annos)
Subtitle 6. Distributions and Withdrawal
MD Code, Corporations and Associations, § 10-601
§ 10-601. Interim distributions
Currentness
Except as otherwise provided in this subtitle:
(1) To the extent set forth in the partnership agreement, a partner is entitled to receive distributions from a limited partnership before his withdrawal and before the dissolution and winding up of the limited partnership; and
(2) To the extent set forth in the partnership agreement, a limited partner is entitled to receive distributions which constituted a return of any part of that limited partner's contribution before his withdrawal and before the winding up of the limited partnership.

Credits

Added by Acts 1981, c. 801, § 2. Amended by Acts 1983, c. 507; Acts 1988, c. 550.
MD Code, Corporations and Associations, § 10-601, MD CORP & ASSNS § 10-601
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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