Statute · New York Partnership Law
N.Y. P'ship Law § 121-606 — Right to distribution
N.Y. P'ship Law § 121-606
- Type
- Statute
- Source
- New York Partnership Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 121-606. Right to distribution. Subject to sections 121-607 and 121-804 of this article, at the time a partner becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.
Citator
N.Y. P'ship Law § 121-606 — Right to distribution is in force in the current edition of the Code, and nothing recorded condemns it.
§ 121-606. Right to distribution. Subject to sections 121-607 and 121-804 of this article, at the time a partner becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.