Delaware § 17-606 Right to distribution

Delaware Statutes

§ 17-606 — Right to distribution

Delaware § 17-606

Title6

Ch. 17LIMITED PARTNERSHIPS

Subch.Distributions and Withdrawal

This text of Delaware § 17-606 (Right to distribution) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 6, § 17-606 (2026).

Text

(a)Subject to §§ 17-607 and 17-804 of this title, and unless otherwise provided in the partnership agreement, at the time a partner becomes entitled to receive a distribution, he or she has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.

(b)A partnership agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited partnership.

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(a) Subject to §§ 17-607 and 17-804 of this title, and unless otherwise provided in the partnership agreement, at the time a partner becomes entitled to receive a distribution, he or she has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.

(b) A partnership agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited partnership.

Legislative History

6 Del. C. 1953, § 1716; 59 Del. Laws, c. 105, § 1 ; 63 Del. Laws, c. 420, § 1 ; 65 Del. Laws, c. 188, § 1 ; 66 Del. Laws, c. 316, §§ 53, 54 ; 70 Del. Laws, c. 186, § 1