Sec. 153.207. RIGHT TO DISTRIBUTION. Subject to Section 153.210, when a partner becomes entitled to receive a distribution, the partner has with respect to the distribution the status of and is entitled to all remedies available to a creditor of the limited partnership.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 153 - Limited Partnerships
Section 153.201. Form of Contribution
Section 153.202. Enforceability of Promise to Make Contribution
Section 153.203. Release of Obligation to Partnership
Section 153.204. Enforceability of Obligation
Section 153.205. Requirements to Enforce Conditional Obligation
Section 153.206. Allocation of Profits and Losses
Section 153.207. Right to Distribution
Section 153.208. Sharing of Distributions