Oregon Code § 70.270·Enacted ·Last updated March 01, 2026
Statute Text
Limit
on distribution.
A
partner may not receive a distribution from a limited partnership to the extent
that, after giving effect to the distribution, the liabilities of the limited
partnership exceed the fair value of the partnership assets. For purposes of
this section, the following shall be disregarded as liabilities of the limited
partnership:
(1) Liabilities
to partners on account of their partnership interests; and
(2) With respect
to any liability as to which the recourse of creditors is limited to specific
property of the limited partnership, the amount by which such liability exceeds
the fair value of such specific property. [1985 c.677 §38]
Plain English Explanation
This Oregon statute addresses Limit
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 70.270
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Limit
. Read the full statute text above for details.
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The formal citation is Oregon Code § 70.270. Use this format in legal documents and court filings.
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