Okla. Stat. tit. 54, § 54-500-507A
This is the official text of Okla. Stat. tit. 54, § 54-500-507A, part of Oklahoma’s Stat. tit. 54, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 54,." Browse the sections below, each linked to its official government source.
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Right to distribution
Official statutory text
RIGHT TO DISTRIBUTION.
When a partner or transferee becomes entitled to receive a
distribution, the partner or transferee 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.
When a partner or transferee becomes entitled to receive a
distribution, the partner or transferee 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.
Status: in_force · Read it on the official government site
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