Ala. Code § 10A-9A-5.04
Current through the 2024 Regular Session.
A partner has a right to a distribution before the dissolution and winding up of a limited partnership as provided in the partnership agreement. A decision to make a distribution before the dissolution and winding up of the limited partnership is a decision in the ordinary course of the activities and affairs of the limited partnership.
Ala. Code § 10A-9A-5.04 (1975)