Minnesota Statutes
Chapter 321 — Uniform Limited Partnership Act 2001
Section 321.0504 — Interim Distributions.

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.
2004 c 199 art 5 s 46

Structure Minnesota Statutes

Minnesota Statutes

Chapters 300 - 323A — Business, Social, And Charitable Organizations

Chapter 321 — Uniform Limited Partnership Act 2001

Section 321.0101 — Short Title.

Section 321.0102 — Definitions.

Section 321.0103 — Knowledge And Notice.

Section 321.0104 — Nature, Purpose, And Duration Of Entity.

Section 321.0105 — Powers.

Section 321.0106 — Governing Law.

Section 321.0107 — Supplemental Principles Of Law; Rate Of Interest.

Section 321.0108 — Name.

Section 321.0109 — Reservation Of Name.

Section 321.0110 — Effect Of Partnership Agreement; Nonwaivable Provisions.

Section 321.0111 — Required Information.

Section 321.0112 — Business Transactions Of Partner With Partnership.

Section 321.0113 — Dual Capacity.

Section 321.0114 — Office And Agent For Service Of Process.

Section 321.0115 — Change Of Designated Office Or Agent For Service Of Process.

Section 321.0116 — Resignation Of Agent For Service Of Process.

Section 321.0117 — Service Of Process.

Section 321.0118 — Consent And Proxies Of Partners.

Section 321.0201 — Formation Of Limited Partnership; Certificate Of Limited Partnership.

Section 321.0202 — Amendment Or Restatement Of Certificate.

Section 321.0203 — Statement Of Termination.

Section 321.0204 — Signing Of Records.

Section 321.0205 — Signing And Filing Pursuant To Judicial Order.

Section 321.0206 — Delivery To And Filing Of Records By Secretary Of State; Effective Time And Date.

Section 321.0207 — Correcting Filed Record.

Section 321.0208 — Liability For False Information In Filed Record.

Section 321.0210 — Annual Renewal For Secretary Of State.

Section 321.0301 — Becoming Limited Partner.

Section 321.0302 — No Right Or Power As Limited Partner To Bind Limited Partnership.

Section 321.0303 — No Liability As Limited Partner For Limited Partnership Obligations.

Section 321.0304 — Right Of Limited Partner And Former Limited Partner To Information.

Section 321.0305 — Limited Duties Of Limited Partners.

Section 321.0306 — Person Erroneously Believing Self To Be Limited Partner.

Section 321.0401 — Becoming General Partner.

Section 321.0402 — General Partner Agent Of Limited Partnership.

Section 321.0403 — Limited Partnership Liable For General Partner's Actionable Conduct.

Section 321.0404 — General Partner's Liability.

Section 321.0405 — Actions By And Against Partnership And Partners.

Section 321.0406 — Management Rights Of General Partner.

Section 321.0407 — Right Of General Partner And Former General Partner To Information.

Section 321.0408 — General Standards Of General Partner's Conduct.

Section 321.0409 — Transfer Of Partnership Property.

Section 321.0501 — Form Of Contribution.

Section 321.0502 — Liability For Contribution.

Section 321.0503 — Sharing Of Distributions.

Section 321.0504 — Interim Distributions.

Section 321.0505 — No Distribution On Account Of Dissociation.

Section 321.0506 — Distribution In Kind.

Section 321.0507 — Right To Distribution.

Section 321.0508 — Limitations On Distribution.

Section 321.0509 — Liability For Improper Distributions.

Section 321.0601 — Dissociation As Limited Partner.

Section 321.0602 — Effect Of Dissociation As Limited Partner.

Section 321.0603 — Dissociation As General Partner.

Section 321.0604 — Person's Power To Dissociate As General Partner; Wrongful Dissociation.

Section 321.0605 — Effect Of Dissociation As General Partner.

Section 321.0606 — Power To Bind And Liability To Limited Partnership Before Dissolution Of Partnership Of Person Dissociated As General Partner.

Section 321.0607 — Liability To Other Persons Of Person Dissociated As General Partner.

Section 321.0701 — Partner's Transferable Interest.

Section 321.0702 — Transfer Of Partner's Transferable Interest.

Section 321.0703 — Rights Of Creditor Of Partner Or Transferee.

Section 321.0704 — Power Of Estate Of Deceased Partner.

Section 321.0801 — Nonjudicial Dissolution.

Section 321.0802 — Judicial Dissolution.

Section 321.0803 — Winding Up.

Section 321.0804 — Power Of General Partner And Person Dissociated As General Partner To Bind Partnership After Dissolution.

Section 321.0805 — Liability After Dissolution Of General Partner And Person Dissociated As General Partner To Limited Partnership, Other General Partners, And Persons Dissociated As General Partner.

Section 321.0806 — Known Claims Against Dissolved Limited Partnership.

Section 321.0807 — Other Claims Against Dissolved Limited Partnerships.

Section 321.0808 — Liability Of General Partner And Person Dissociated As General Partner When Claim Against Limited Partnership Barred.

Section 321.0809 — Administrative Dissolution.

Section 321.0810 — Reinstatement Following Administrative Dissolution Or Revocation.

Section 321.0812 — Disposition Of Assets; When Contributions Required.

Section 321.0901 — Governing Law.

Section 321.0902 — Application For Certificate Of Authority.

Section 321.0903 — Activities Not Constituting Transacting Business.

Section 321.0904 — Filing Of Certificate Of Authority.

Section 321.0905 — Alternate Name; Noncomplying Name Of Foreign Limited Partnership.

Section 321.0906 — Revocation Of Certificate Of Authority.

Section 321.0907 — Cancellation Of Certificate Of Authority; Effect Of Failure To Have Certificate.

Section 321.0908 — Action By Attorney General.

Section 321.0909 — Name Changes Filed In Home State.

Section 321.1001 — Direct Action By Partner.

Section 321.1002 — Derivative Action.

Section 321.1003 — Proper Plaintiff.

Section 321.1004 — Pleading.

Section 321.1005 — Proceeds And Expenses.

Section 321.1101 — Definitions.

Section 321.1102 — Conversion.

Section 321.1103 — Action On Plan Of Conversion By Converting Limited Partnership.

Section 321.1104 — Filings Required For Conversion; Effective Date.

Section 321.1105 — Effect Of Conversion.

Section 321.1106 — Merger.

Section 321.1107 — Action On Plan Of Merger By Constituent Limited Partnership.

Section 321.1108 — Filings Required For Merger; Effective Date.

Section 321.1109 — Effect Of Merger.

Section 321.1110 — Restrictions On Approval Of Conversions And Mergers And On Relinquishing Lllp Status.

Section 321.1111 — Liability Of General Partner After Conversion Or Merger.

Section 321.1112 — Power Of General Partners And Persons Dissociated As General Partners To Bind Organization After Conversion Or Merger.

Section 321.1113 — Chapter Not Exclusive.

Section 321.1114 — Conflict Relating To Merger Or Conversion.

Section 321.1115 — Domestication.

Section 321.1116 — Action On Plan Of Domestication By Domesticating Limited Partnership.

Section 321.1117 — Filings Required For Domestication; Effective Date.

Section 321.1118 — Effect Of Domestication.

Section 321.1119 — Restrictions On Approval Of Mergers, Exchanges, Conversions, And Domestications.

Section 321.1201 — Uniformity Of Application And Construction.

Section 321.1202 — Severability Clause.

Section 321.1203 — Relation To Electronic Signatures In Global And National Commerce Act.

Section 321.1206 — Application To Existing Relationships.

Section 321.1207 — Savings Clause.

Section 321.1208 — Effect Of Designation.