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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/10A-8A-4.06.htm
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Modified:2018-11-13 09:25:36
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Title:10A-8A-4.06
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Body:Section 10A-8A-4.06

Interim distributions.

Subject to Section 10A-8A-7.01, a partner has a right to a distribution before the dissolution and winding up of a partnership as provided in the partnership agreement. A decision to make a distribution before the dissolution and winding up of the partnership is a decision in the ordinary course of the business or not for profit activity of the partnership.

(Act 2018-125, ยง7.)