A partner does not have a right to any distribution before the dissolution and winding up of the limited partnership unless the limited partnership decides to make an interim distribution.
History: Laws 2007, ch. 129, § 504.
Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
Structure 2021 New Mexico Statutes
Article 2A - Uniform Revised Limited Partnership Act
Article 5 - Contributions and Distributions
Section 54-2A-501 - Form of contribution.
Section 54-2A-502 - Liability for contribution.
Section 54-2A-503 - Sharing of distributions.
Section 54-2A-504 - Interim distributions.
Section 54-2A-505 - No distribution on account of dissociation.
Section 54-2A-506 - Distribution in kind.
Section 54-2A-507 - Right to distribution.