[§425E-509] Liability for improper distributions.  (a)  A general partner thatconsents to a distribution made in violation of section 425E-508 shall bepersonally liable to the limited partnership for the amount of the distributionwhich exceeds the amount that could have been distributed without the violationif it is established that in consenting to the distribution the general partnerfailed to comply with section 425E-408.

(b)  A partner or transferee that received adistribution knowing that the distribution to that partner or transferee wasmade in violation of section 425E-508 shall be personally liable to the limitedpartnership but only to the extent that the distribution received by thepartner or transferee exceeded the amount that could have been properly paidunder section 425E-508.

(c)  A general partner against which an actionis commenced under subsection (a) may:

(1)  Implead in the action any other person that isliable under subsection (a) and compel contribution from the person; and

(2)  Implead in the action any person that received adistribution in violation of subsection (b) and compel contribution from theperson in the amount the person received in violation of subsection (b).

(d)  An action under this section is barred ifit is not commenced within two years after the distribution. [L 2003, c 210, ptof §1]