Oregon Revised Statutes Chapter 70 § 70.265 — Rights
Oregon Revised Statutes Chapter 70 ·
Oregon Code § 70.265·Enacted ·Last updated March 01, 2026
Statute Text
Rights
of partner regarding distribution; remedies.
(1) Except as provided in writing in the partnership
agreement, a partner has no right to demand and receive any distribution from a
limited partnership in any form other than cash, regardless of the nature of
the partners contribution. Except as provided in writing in the partnership
agreement, a partner may not be compelled to accept a distribution of any asset
in kind from a limited partnership to the extent that the percentage of the
asset distributed to the partner exceeds a percentage of that asset that is
equal to the percentage in which the partner shares in distributions from the
limited partnership.
(2) When a
partner becomes entitled to receive a distribution, the partner has the status
of and is entitled to all remedies available to a creditor of the limited
partnership with respect to the distribution. [1985 c.677 §§36,37; 1987 c.543 §24]
Plain English Explanation
This Oregon statute addresses Rights
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 70.265
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Rights
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The formal citation is Oregon Code § 70.265. Use this format in legal documents and court filings.
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