Delaware Code

6 Del. C. § 17-606 (2026)

Right to distribution

✓ current as of May 2026
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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, §  163 Del. Laws, c. 420, §  165 Del. Laws, c. 188, §  166 Del. Laws, c. 316, §§  53, 5470 Del. Laws, c. 186, §  1
Notes of Decisions
Cited in 1 case, 2019–2019 · leading case: Harry Greenhouse v. Polychain Fund I LP & Polychain 2030, LLC (Del. Ch. 2019).
Harry Greenhouse v. Polychain Fund I LP & Polychain 2030, LLC (Del. Ch. 2019). · cites it 2× “…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 & Polychain 2030, LLC (Del. Ch. 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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