Missouri § 359.351 - Distribution upon withdrawal, when, how determined.
Full text of Missouri Revised Statutes of Missouri § 359.351 — Distribution upon withdrawal, when, how determined., with citation guidance and answers to common questions.
§ 359.351. Distribution upon withdrawal, when, how determined.
Except as provided in sections 359.321 to 359.391, upon withdrawal any withdrawing partner is entitled to receive the distribution, if any, to which such partner is entitled under the partnership agreement. If the partnership agreement does not provide for a distribution to which a withdrawn partner is entitled, the withdrawn partner shall be an assignee of the withdrawn partner's interest but the partnership may thereafter purchase the withdrawn partner's interest in the partnership, for the fair value of the withdrawn partner's interest in the partnership as of the date of withdrawal based upon such withdrawn partner's right to share in distributions from the partnership as an ongoing business, at any time, upon thirty days' written notice from the partnership to the withdrawn partner, such withdrawn partner's personal representatives, successors or assigns.
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(L. 1985 H.B. 512 & 650, A.L. 1997 H.B. 655 merged with S.B. 170)
Effective 6-24-97 (H.B. 655); 5-20-97 (S.B. 170)
---- end of effective 24 Jun 1997 ----
Frequently Asked Questions About Missouri § 359.351
What does Revised Statutes of Missouri § 359.351 cover?
Section 359.351 ("Distribution upon withdrawal, when, how determined.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 359.351?
A common citation format is "Revised Statutes of Missouri § 359.351" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 359.351 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.