Missouri Statutes

§ 359.381 — Limitation on distribution.

Missouri § 359.381

JurisdictionMissouri

Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Ch. 359Uniform Limited Partnership Law

This text of Missouri § 359.381 (Limitation on distribution.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 359.381 (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. 1985 H.B. 512 & 650) Effective 1-01-87

Nearby Sections

15

§ 359.011

§ 359.021

Name of limited partnership regulated.

§ 359.031

Reservation of right to exclusive use of name.

§ 359.041

Registered agent and registered office — procedure for changing, filed by limited partnership, filed by registered agent — effective when — failure to maintain, effect.

§ 359.051

Records to be kept.

§ 359.061

Nature of business.

§ 359.071

Business transactions of partner with the limited partnership.

§ 359.081

Limited partnership shall sue and be sued.

§ 359.091

Certificate of limited partnership — filed with secretary of state — contents — formation date, when.

§ 359.101

Amendments to certificate — contents.

§ 359.111

Cancellation of certificate, when — contents of certificate of cancellation — filed with secretary of state.

§ 359.121

Execution of certificate.

§ 359.131

Proceeding to direct execution of certificate.

§ 359.141

Filing with secretary of state — duties of secretary — effective date of filing.

§ 359.145

Statement of correction authorized, when — contents — effective date — fee — required signature.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

Missouri § 359.381, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/359/359.381.