When it is wound up and the assets are distributed, Business Law and Ethics

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When it is wound up and the assets are distributed

In a limited partnership, when it is wound up and the assets are distributed, how does a limited partner (lets say Charles) who is also a creditor receive his assets back? Lets say he had contributed $1,000 loan as a creditor in addition to his contributed capital. Would he receive only his $1,000 loan first and then the rest when it is the partners' turn?

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Business Law and Ethics: When it is wound up and the assets are distributed

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Business Law and Ethics: When it is wound up and the assets are distributed

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Business Law and Ethics: When it is wound up and the assets are distributed

Reference No:- TGS048486

Recent Questions Asked Business Law and Ethics

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