Delaware Code
6 Del. C. § 17-606 (2026)
Right to distribution
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(a) Subject to §§ 17-607 and 17-804 of this title, and unless otherwise provided in the partnership agreement, at the time a partner becomes entitled to receive a distribution, he or she has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.
(b) A partnership agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited partnership.
6 Del. C. 1953, § 1716; 59 Del. Laws, c. 105, § 1; 63 Del. Laws, c. 420, § 1; 65 Del. Laws, c. 188, § 1; 66 Del. Laws, c. 316, §§ 53, 54; 70 Del. Laws, c. 186, § 1;Notes of Decisions
Cited in 1
case, 2019–2019 · leading case: Harry Greenhouse v. Polychain Fund I LP, No. CA 2018-0214-JRS, 2019 WL 2290245 (Del. Ch. May 29, 2019).
Harry Greenhouse v. Polychain Fund I LP, No. CA 2018-0214-JRS, 2019 WL 2290245 (Del. Ch. May 29, 2019). “…by statute, redeemed partners continue to have rights to enforce certain provisions of the LPA as creditors. See 6 Del. C. § 17-606. 18”
6 Del. C. § 17-606(a): 1 case
Harry Greenhouse v. Polychain Fund I LP, No. CA 2018-0214-JRS, 2019 WL 2290245 (Del. Ch. May 29, 2019). “…by statute, redeemed partners continue to have rights to enforce certain provisions of the LPA as creditors. See 6 Del. C. § 17-606. 18”
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