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§ 425e-507 — Hawaii Law | CourtGPT
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  4. Title 23 - Corporations and Partnerships414. Hawaii Business Corporation Act414-1 Short Title/
  5. Chapter 425e/
  6. § 425e-507
Hawaii Legal Code

§ 425e-507

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§425E-507 Right to distribution. When a partner or transferee becomes entitled to receive a distribution, the partner or transferee has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. However, the limited partnership's obligation to make a distribution is subject to offset for any amount owed to the limited partnership by the partner or dissociated partner on whose account the distribution is made. [L 2003, c 210, pt of §1]