Haw. Rev. Stat. § 425E-507
Right to distribution
Hawaii · Hawaii Revised Statutes Chapter 425E — Uniform Limited Partnership Act · Status: effective
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- Citation
- Haw. Rev. Stat. § 425E-507, Right to distribution, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2424347
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Full text
When a partner or transferee becomes entitled to receive a distribution, the partner or transferee has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. However, the limited partnership's obligation to make a distribution is subject to offset for any amount owed to the limited partnership by the partner or dissociated partner on whose account the distribution is made.