Title 14, Chapter 9A, Section 124
( 14-9A-124)
(a) No part of the sum which any special partner shall have
contributed to the capital stock shall be withdrawn by him or paid
or transferred to him in the shape of dividends, profits, or
otherwise at any time during the continuance of the partnership, but
any partner may annually receive lawful interest on the sum so
contributed by him, if the payment of such interest shall not reduce
the original amount of such capital. If, after the payment of such
interest, any profits shall remain to be divided, he may also
receive his portion of such profits, but shall not be liable for any
debts previously contracted by the general partners. (b) If it shall appear that, by the payment of interest or profits
to any special partner, the original capital has been reduced, or
the firm shall be unable to pay its debts, the partner receiving the
same shall be bound to restore the interest or profits received by
him necessary to make good his original share of the original stock. |