Interim Distributions.

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Section 10A-8A-4.06

Interim distributions.

Subject to Section 10A-8A-7.01, a partner has a right to a distribution before the dissolution and winding up of a partnership as provided in the partnership agreement. A decision to make a distribution before the dissolution and winding up of the partnership is a decision in the ordinary course of the business or not for profit activity of the partnership.

(Act 2018-125, §7.)


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