NC General Statutes
N.C. Gen. Stat. § 59-607 (2026)
Limitations on distribution
✓ current as of July 2026
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A partner shall 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. (1985 (Reg. Sess., 1986), c. 989, s. 2.)