Massachusetts General Laws ch. 109 sec. 36 – Right to distribution
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Section 36. 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 Massachusetts General Laws ch. 109 sec. 36
- 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.