359.381. Limitation on distribution.
Limitation on distribution.
359.381. A partner may not receive a distribution from alimited partnership to the extent that, after giving effect tothe distribution, all liabilities of the limited partnership,other than liabilities to partners on account of theirpartnership interests, exceed the fair value of the partnershipassets.
(L. 1985 H.B. 512 & 650)Effective 1-1-87