§ 500-507A. Right to distribution
Oklahoma Statutes AnnotatedTitle 54. Partnership
54 Okl.St.Ann. § 500-507A
§ 500-507A. Right to distribution
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 offset for any amount owed to the limited partnership by the partner or dissociated partner on whose account the distribution is made.
Credits
Laws 2010, c. 384, § 49, eff. Jan. 1, 2011.
54 Okl. St. Ann. § 500-507A, OK ST T. 54 § 500-507A
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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