Utah § 16-19-505 - Liability for improper distributions. (Effective 10/1/2026)

Full text of Utah Utah Code § 16-19-505 — Liability for improper distributions. (Effective 10/1/2026), with citation guidance and answers to common questions.

§ 16-19-505. Liability for improper distributions. (Effective 10/1/2026)

Effective 10/1/2026
16-19-505.  Liability for improper distributions.
(1)If a general partner consents to a distribution made in violation of Section 16-19-504 and in consenting to the distribution fails to comply with Section 16-19-409, the general partner is personally liable to the limited partnership for the amount of the distribution which exceeds the amount that could have been distributed without the violation of Section 16-19-504.
(2)A person that receives a distribution knowing that the distribution violated Section 16-19-504 is personally liable to the limited partnership but only to the extent that the distribution received by the person exceeded the amount that could have been properly paid under Section 16-19-504.
(3)A general partner against which an action is commenced because the general partner is liable under Subsection (1) may:
(a)implead any other person that is liable under Subsection (1) and seek to enforce a right of contribution from the person; and
(b)implead any person that received a distribution in violation of Subsection (2) and seek to enforce a right of contribution from the person in the amount the person received in violation of Subsection (2).
(4)An action under this section is barred unless commenced not later than two years after the distribution.


Renumbered and Amended by Chapter 93, 2026 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 16-19-505

What does Utah Code § 16-19-505 cover?

Section 16-19-505 ("Liability for improper distributions. (Effective 10/1/2026)") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 16-19-505?

A common citation format is "Utah Code § 16-19-505" (Utah). 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 Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 16-19-505 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah 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 Utah.