Nebraska Statutes
§ 67-269 — Limitations on distributions
Nebraska·Ch. 67 Partnerships
A limited partnership shall not make a distribution to a partner to the extent that at the time of the distribution, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests and liabilities for which the recourse of creditors is limited to specific property of the limited partnership, exceed the fair value of the partnership assets, except that the fair value of property that is subject to a liability for which recourse of creditors is limited shall be included in the assets of the limited partnership only to the extent that the fair value of that property exceeds that liability.
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Nebraska § 67-269 (Limitations on distributions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: Laws 1981, LB 272, § 37; Laws 1989, LB 482, § 42.
Nearby Sections
15
§ 67-101
Repealed. Laws 2008, LB 707, § 5§ 67-102
Repealed. Laws 2008, LB 707, § 5§ 67-103
Repealed. Laws 2008, LB 707, § 5§ 67-104
Repealed. Laws 2008, LB 707, § 5§ 67-105
Repealed. Laws 2008, LB 707, § 5§ 67-106
Repealed. Laws 2008, LB 707, § 5