South Dakota Codified Laws 48-7-606. Right to distribution
Current as of: 2023 | Check for updates
|
Other versions
At the time a partner becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.
Terms Used In South Dakota Codified Laws 48-7-606
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Source: SL 1986, ch 391, § 606.