§ 10–601
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 10-601 (2026)
Title 10. Limited Partnership Act
Subtitle 6. Distributions and Withdrawal
§ 10–601LinkCopy Citation
Except as otherwise provided in this subtitle:
(1)
To the extent set forth in the partnership agreement, a partner is entitled to receive distributions from a limited partnership before his withdrawal and before the dissolution and winding up of the limited partnership; and
(2)
To the extent set forth in the partnership agreement, a limited partner is entitled to receive distributions which constituted a return of any part of that limited partner’s contribution before his withdrawal and before the winding up of the limited partnership.