Sec. 34-20d. Interim distributions to partners before withdrawal from limited partnership and before dissolution or winding up thereof.
Sec. 34-20d. Interim distributions to partners before withdrawal from limited
partnership and before dissolution or winding up thereof. Except as provided in this
chapter, a partner is entitled to receive distributions from a limited partnership before
his withdrawal from the limited partnership and before the dissolution and winding up
thereof to the extent and at the times or upon the happening of the events specified in
the partnership agreement.
(P.A. 79-440, S. 30; P.A. 80-483, S. 114, 186; P.A. 86-379, S. 15.)
History: P.A. 80-483 substituted "subsection (c)" for "subsection (b)" of Sec. 34-25a in Subsec. (c); P.A. 86-379 deleted
Subdiv. (2) re distribution as return of contribution.
See Sec. 34-38b re inapplicability of provisions as amended by P.A. 86-379 to partnerships existing before October
1, 1986.