NRS 87A.420
Right to distribution.

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obligation to make a distribution is subject to offset for any amount owed to the limited partnership by the partner or withdrawn partner on whose account the distribution is made.

Source: Section 87A.420 — Right to distribution., https://www.leg.state.nv.us/NRS/NRS-87A.html#NRS87ASec420.

87A.390
Form of contribution. 87A.395
Liability for contribution. 87A.400
Sharing of distributions. 87A.405
Interim distributions. 87A.410
No distribution on account of withdrawal. 87A.415
Distribution in kind. 87A.420
Right to distribution. 87A.425
Limitations on distribution. 87A.427
Limitations on distributions applicable to restricted limited partnerships. 87A.430
Liability for improper distributions.

Last Updated

Jun. 24, 2021

§ 87A.420’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_87a.420

Original Source: Section 87A.420 — Right to distribution., https://www.leg.state.nv.us/NRS/NRS-87A.html#NRS87ASec420 (last accessed Jun. 24, 2021).

NRS 87A.420 Right to distribution.

NRS 87A.420
Right to distribution.