§ 10-601. Interim distributions

MD Corp & Assn Code § 10-601 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Except as otherwise provided in this subtitle:

(1)    To the extent set forth in the partnership agreement, a partner is entitled to receive distributions from a limited partnership before his withdrawal and before the dissolution and winding up of the limited partnership; and

(2)    To the extent set forth in the partnership agreement, a limited partner is entitled to receive distributions which constituted a return of any part of that limited partner’s contribution before his withdrawal and before the winding up of the limited partnership.