{"code":"CORP","codeName":"Corporations Code","section":"15905.07","citation":"Corp. Code, § 15905.07","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 2. PARTNERSHIPS [15800. - 16962.]","url":"https://blackletter.si/corporations-code/title-2"},{"name":"CHAPTER 4.5. Uniform Limited Partnership Act of 2008 [15900. - 15912.07.]","url":"https://blackletter.si/corporations-code/title-2/chapter-4.5"},{"name":"ARTICLE 5. Contributions and Distributions [15905.01. - 15905.09.]","url":"https://blackletter.si/corporations-code/title-2/chapter-4.5/article-5"}],"history":"Added by Stats. 2006, Ch. 495, Sec. 20.   Effective January 1, 2007.   Section operative January 1, 2008, pursuant to Section 15912.04.","effective":"2007-01-01","html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/corporations-code/contributions-and-distributions-15905-07","source":"California Legislative Information bulk export (pubinfo)"}