ARTICLE 5. Contributions and Distributions [15905.01. - 15905.09.]

Article 5 added by Stats. 2006, Ch. 495, Sec. 20.

§§ 15905.01–15905.09 · 10 sections

• § 15905.01 A contribution of a partner may consist of tangible or intangible property or other benefit to the limited partnership, including money, services performed,…
• § 15905.02 (a) A partner’s obligation to contribute money or other property or other benefit to, or to perform services for, a limited partnership is not excused by the…
• § 15905.03 A distribution by a limited partnership must be shared among the partners on the basis of the value, as stated in the required records when the limited…
• § 15905.035 The profits and losses of a limited partnership shall be allocated among the partners in the manner provided in the partnership agreement. If the partnership…
• § 15905.04 A partner does not have a right to any distribution before the dissolution and winding up of the limited partnership unless the limited partnership decides to…
• § 15905.05 A person does not have a right to receive a distribution on account of dissociation.
• § 15905.06 A partner does not have a right to demand or receive any distribution from a limited partnership in any form other than cash. Subject to subdivision (b) of…
• § 15905.07 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…
• § 15905.08 (a) A limited partnership may not make a distribution in violation of the partnership agreement. (b) A limited partnership may not make a distribution if after…
• § 15905.09 (a) A general partner that consents to a distribution made in violation of Section 15905.08 is personally liable to the limited partnership for the amount of…