Missouri § 359.381 - Limitation on distribution.
Full text of Missouri Revised Statutes of Missouri § 359.381 — Limitation on distribution., with citation guidance and answers to common questions.
§ 359.381. Limitation on distribution.
A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.
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(L. 1985 H.B. 512 & 650)
Effective 1-01-87
---- end of effective 01 Jan 1987 ----
Frequently Asked Questions About Missouri § 359.381
What does Revised Statutes of Missouri § 359.381 cover?
Section 359.381 ("Limitation on distribution.") 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 § 359.381?
A common citation format is "Revised Statutes of Missouri § 359.381" (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 § 359.381 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.