ARS § 29-337 — United States — Arizona law | Esheria

ARS § 29-337

A partner may not receive a limited partnership distribution if it would leave liabilities greater than the partnership assets’ fair value, excluding certain partner liabilities. A distribution to a partner that is a charitable remainder trust is treated as income for title 14, chapter 7, article 4 unless the partnersh

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Jurisdiction
United States — Arizona
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Updated
Official source
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income treatment limited partnership distributions

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Statute overview

About this statute

A partner may not receive a limited partnership distribution if it would leave liabilities greater than the partnership assets’ fair value, excluding certain partner liabilities. A distribution to a partner that is a charitable remainder trust is treated as income for title 14, chapter 7, article 4 unless the partnership agreement or trust instrument says otherwise, and only to the extent the post-distribution partnership interest value is at least its contribution-date value.

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