☰ Revisor of Missouri

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 359

< > Effective - 01 Jan 1987, see footnote bottom

  359.381.  Limitation on distribution. — A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.

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(L. 1985 H.B. 512 & 650)

Effective 1-01-87


---- end of effective   01 Jan 1987 ----

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