Ala. Code § 10A-9A-5.07
Current through the 2024 Regular Session.
If a partner becomes entitled to receive a distribution, the partner has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. However, the limited partnership's obligation to make a distribution is subject to offset for any amount owed to the limited partnership by the partner or dissociated partner on whose account the distribution is made.
Ala. Code § 10A-9A-5.07 (1975)