Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Statute 87a 420 — Nevada Law | CourtGPT
  1. Home/
  2. Laws/
  3. Nevada/
  4. Chapter 87a - Uniform Limited Partnership Act (2001)nrs 87a.005 - Short Title/
  5. Statute 87a 420
Nevada Legal Code

Statute 87a 420

Ask AI about this
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obligation to make a distribution is subject to offset for any amount owed to the limited partnership by the partner or withdrawn partner on whose account the distribution is made. (Added to NRS by 2007, 461)