Interim Distributions

Sec. 153.209. INTERIM DISTRIBUTIONS. Except as otherwise provided by this section and Section 153.210, a partner is entitled to receive a distribution from a limited partnership to the extent and at the time or on the occurrence of an event specified in the partnership agreement before: (1) the partner withdraws from the partnership; and (2) the winding up of the partnership business. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.