§ 10-604. Distribution upon withdrawal
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 10-604
§ 10-604. Distribution upon withdrawal
Except as otherwise provided in this subtitle, on withdrawal any withdrawing partner is entitled to receive any distribution to which the partner is entitled under the partnership agreement and, if not otherwise provided in the partnership agreement, the partner is entitled to receive, within a reasonable time after withdrawal, the fair value of the partner's partnership interest in the limited partnership as of the date of withdrawal, based on the partner's right to share in distributions from the limited partnership.
Credits
Added by Acts 1981, c. 801, § 2. Amended by Acts 1998, c. 758, § 1, eff. Oct. 1, 1998.
MD Code, Corporations and Associations, § 10-604, MD CORP & ASSNS § 10-604
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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