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2003 Florida Statutes

Section 620.147, Florida Statutes 2003

620.147  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.

History.--s. 39, ch. 86-263.