§ 7-62-604 — Distribution upon withdrawal

Except as provided in this part 6,
upon withdrawal, any withdrawing partner is entitled to receive any distribution to
which the withdrawing partner is entitled under the partnership agreement, and, if
not otherwise provided in the agreement, the withdrawing partner is entitled to
receive, within a reasonable time after withdrawal, the fair value of the withdrawing
partner's partnership interest in the limited partnership as of the date of withdrawal
based upon the withdrawing partner's right to share in distributions from the limited
partnership.

Legislative History

Source: L. 81: Entire article added, p. 445, � 1, effective November 1. L. 2004: Entire section amended, p. 1444, � 137, effective July 1.