North Carolina § 59-604 - Distribution upon withdrawal.
Full text of North Carolina North Carolina General Statutes § 59-604 — Distribution upon withdrawal., with citation guidance and answers to common questions.
§ 59-604. Distribution upon withdrawal.
Except as provided in this Article, upon withdrawal any withdrawing partner is entitled to receive any distribution to which the partner is entitled under the partnership agreement and, if not otherwise provided in the agreement, the partner is entitled to receive, within a reasonable time after withdrawal, the fair value of the partner's partnership interest in the limited partnership as of the date of withdrawal, based upon the partner's right to share in distributions from the limited partnership. History (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 28.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 59-604
What does North Carolina General Statutes § 59-604 cover?
Section 59-604 ("Distribution upon withdrawal.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. 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 North Carolina § 59-604?
A common citation format is "North Carolina General Statutes § 59-604" (North Carolina). 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 North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 59-604 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina 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 North Carolina.