Interim Distributions

Ala. Code § 10A-9A-5.04 — under Title 10A.

Ala. Code § 10A-9A-5.04

A partner has a right to a distribution before the dissolution and winding up of a limited partnership as provided in the partnership agreement. A decision to make a distribution before the dissolution and winding up of the limited partnership is a decision in the ordinary course of the activities and affairs of the limited partnership.

History: (Act 2016-379, §1.)