Section 10-9B-604 Distribution upon withdrawal. - Alabama Statutes

Section 10-9B-604

Distribution upon withdrawal.

Except as provided in this article, upon withdrawal any withdrawing partner is entitled to receive any distribution to which he or she is entitled under the partnership agreement and, if not otherwise provided in the agreement, he or she is entitled to receive, within a reasonable time after withdrawal, the fair value of his or her interest in the limited partnership as of the date of withdrawal based upon his or her right to share in distributions from the limited partnership.

(Act 97-921, 1st Ex. Sess., p. 335, §1.)