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Form a Business

Interim Distributions.

Ala. Code § 10A-8A-4.06
in effect
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10A-8A-4.06. Interim Distributions. Subject to Section 10A-8A-7.01, a partner has a right to a distribution before the dissolution and winding up of a partnership as provided in the partnership agreement. A decision to make a distribution before the dissolution and winding up of the partnership is a decision in the ordinary course of the business or not for profit activity of the partnership. (Act 2018-125, §7.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#10A-8A-4.06Fetched: 10/20/2026

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