Limited Partnerships 

Minnesota Statutes > Partnerships > Chapter 322 > § 322.15 - Compensation of Limited Partner

A limited partner may receive from the partnership the share of the profits or the compensation by way of income stipulated for in the certificate; provided, that, after such payment is made, whether from the property of the partnership or that of a general partner, the partnership assets are in excess of all liabilities of the partnership except liabilities to limited partners on account of their contributions and to general partners.

History:

(7367) 1919 c 498 s 15

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Minnesota Laws: Limited Partnerships

Minnesota Statutes Chapter 321 - Uniform Limited Partnership Act 2001

Minnesota Statutes Chapter 322 - 1919 Uniform Limited Partnership Act

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