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CCQ-1991 - Civil Code of Québec

Section 2242
Disposition versions

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2242. A special partner is entitled to receive his share of the profits, but if the payment of the profits reduces the common stock, every special partner who receives them is bound to remit such sum as is necessary to cover his share of the deficit, with interest.
In the case of a partnership whose capital includes property that is consumed by the partnership’s use of it, the special partner may receive his share of the profits only if the property remaining after the payment is sufficient to discharge the debts of the partnership.
1991, c. 64, a. 2242; I.N. 2014-05-01.
2242. A special partner is entitled to receive his share of the profits, but if the payment of the profits reduces the common stock, every special partner who receives such a payment is bound to restore the sum necessary to cover his share of the deficit, with interest.
In the case of a partnership whose capital includes property that is consumed by its exploitation by the partnership, the special partner may receive his share of the profits only if the property remaining after the payment is sufficient to discharge the debts of the partnership.
1991, c. 64, a. 2242.
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