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Partnership | |
Utah Revised Uniform Limited Partnership Act | |
Section 607 | Limitations on distributions. |
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48-2a-607 (Repealed 07/01/12). Limitations on distributions. 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.
Enacted by Chapter 233, 1990 General Session |
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