Legislation
SECTION 121-604
Right to distribution upon withdrawal
Partnership (PTR) CHAPTER 39, ARTICLE 8-A
§ 121-604. Right to distribution upon withdrawal. Except as provided
in this article upon withdrawal any withdrawing partner is entitled to
receive any distribution to which he is entitled under the partnership
agreement and, if not otherwise provided in the partnership agreement,
he is entitled to receive, within a reasonable time after withdrawal,
the fair value of his interest in the limited partnership as of the date
of withdrawal based upon his right to share in distributions from the
limited partnership.
in this article upon withdrawal any withdrawing partner is entitled to
receive any distribution to which he is entitled under the partnership
agreement and, if not otherwise provided in the partnership agreement,
he is entitled to receive, within a reasonable time after withdrawal,
the fair value of his interest in the limited partnership as of the date
of withdrawal based upon his right to share in distributions from the
limited partnership.