Kansas Statutes
§ 56-1a357 — Limitations on distributions
Kansas § 56-1a357
This text of Kansas § 56-1a357 (Limitations on distributions) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Kan. Stat. Ann. § 56-1a357 (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.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
L. 1983, ch. 88, § 38; July 1.
Nearby Sections
15
§ 56-1a01
Title of act§ 56-1a101
Definitions§ 56-1a106
Nature of business§ 56-1a151
Certificate of limited partnership§ 56-1a152
Amendment to certificate of limited partnership by certificate of amendment or judicial decree§ 56-1a153
Cancellation of certificate§ 56-1a158
Notice of limited partnership§ 56-1a201
Admission of additional limited partnersCite This Page — Counsel Stack
Bluebook (online)
Kansas § 56-1a357, Counsel Stack Legal Research, https://law.counselstack.com/statute/ks/56-1a357.