A partner shall not receive a distribution if, after the distribution, liabilities of the limited partnership other than liabilities to partners on account of their partnership interests will exceed the fair value of the partnership assets.
[C24, 27, 31, 35, 39, § 9825, 9826; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 545.20, 545.21; 82 Acts, ch 1103, § 607]
C93, § 487.607
Iowa General Assembly
Search: Iowa Code 1997
© 1997 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Mon Jan 27 16:05:08 CST 1997
URL: /DOCS/IACODE/1997/487/607.html
jhf