A partner may 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.
Structure Alaska Statutes
Chapter 11. Uniform Limited Partnership Act
Article 5. Distributions, Withdrawal, and Return of Contribution.
Sec. 32.11.240. Interim distributions.
Sec. 32.11.250. Withdrawal of general partner.
Sec. 32.11.260. Withdrawal of limited partner.
Sec. 32.11.270. Distribution upon withdrawal.
Sec. 32.11.280. Distribution in kind.
Sec. 32.11.290. Right to distribution.