48.261 Limited Partnership; Conditions for Receipt of Contribution

48.261 Limited Partnership; Conditions for Receipt of Contribution A limited partner shall not receive from a general partner or out of a partnership property any part of that partner's contribution until a. all liabilities of the partnership, except liabilities to general partners and to limited partners on account of their contribution, have been paid or there remains property of the partnership sufficient to pay them b. the consent of all members is had, unless the return of the contribution may be rightfully demanded under the provisions of charge 48.262, and c. the certificate is cancelled or so amended as to set forth the withdrawal or reduction.