Assertion: partnership's partner | /r/CapableOf | receive distribution
Facets:
value: unexpectedly
type: MANNER
Source sentences:
text: When a partner receives a distribution, they may not recognize gain up to the adjusted basis of their capital account in the partnership.
text: A "qualified income offset" is a provision requiring that partners who unexpectedly receive an adjustment, allocation, or distribution that brings their capital account balance negative, will be allocated all income and gain in an amount sufficient to eliminate the deficit balance as quickly as possible.
text: Unless otherwise provided in the partnership agreement, no one can become a member of the partnership without the consent of all partners, though a partner may assign his share of the profits and losses and right to receive distributions ("transferable interest").
text: A partner can assign their share of the profits and losses and right to receive distributions.