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Connecticut General Statutes Title 34. Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts § 34-24. Limitation on amount of distribution

Current as of January 01, 2025 | Updated by FindLaw Staff

A partner may not receive a distribution from a limited partnership to the extent that after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.

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Cite this article: FindLaw.com - Connecticut General Statutes Title 34. Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts § 34-24. Limitation on amount of distribution - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-34-limited-partnerships-partnerships-professional-associations-limited-liability-companies-and-statutory-trusts/ct-gen-st-sect-34-24/

Read this complete Connecticut General Statutes Title 34. Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts § 34-24. Limitation on amount of distribution on Westlaw. Westlaw subscription required.

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