Connecticut § 34-24 Limitation on amount of distribution.

Connecticut Statutes

§ 34-24 — Limitation on amount of distribution.

Connecticut § 34-24

Title 34Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts

Ch. 610Uniform Limited Partnership Act

This text of Connecticut § 34-24 (Limitation on amount of distribution.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 34-24 (2026).

Text

A partner may not receive a distribution from a limited partnership to the extent that after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.

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Legislative History

(1961, P.A. 79, S. 16; P.A. 79-440, S. 36.) History: P.A. 79-440 replaced previous provisions which had detailed procedure by which limited partner could receive part or all of his contributions. Cited. 11 CA 404.