670 LAWS OF MARYLAND. [CH. 280

SEC. 15. (Compensation of Limited Partner.) A limited
partner may receive from the partnership the share of the
profits or the compensation by way of income stipulated for in
the certificate; provided, that after such payment is made,
whether from the property of the partnership or that of a gen-
eral partner, the partnership assets are in excess of all liabilities
of the partnership except liabilities to limited partners on
account of their contributions and to general partners.

SEC. 16. (Withdrawal or Reduction of Limited Partner's
Contribution.) (1) A limited partner shall not receive from
a general partner or out of partnership property any part of
his contribution until

(a) All liabilities of the partnership, except liabilities to
general partners and to limited partners on account of their
contributions, have been paid or there remains property of the
partnership suificient to pay them,

(b) The consent of all members is had, unless the return
of the contribution may be rightfully demanded under the pro-
visions of paragraph (2), and

(c) The certificate is cancelled or so amended as to set
forth the withdrawal or reduction.

(2) Subject to the provisions of paragraph (1) a limited
partner may rightfully demand the return of his contribution

(a) On the dissolution of a partnership, or

(b) -When the date specified in the certificate for its-
return has arrived, or

(e) After he has given six months' notice in writing to
all other members, if no time is specified in the certificate either
for the return of the contribution or for the dissolution of the
partnership.

(3) In the absence of any statement in the certificate to the
contrary or the consent of all members, a limited partner, irre
spective of the nature of his contribution, has only the right to-
demand and receive cash in return for his contribution.

(4) A limited partner may have the partnership dissolved
and its affairs wound up when

(a) He rightfully but unsuccessfully demands the return
of his contribution, or

(b) The other liabilities of the partnership have not been
paid, or the partnership property is insufficient for their pay-
ment as required by paragraph (1a) and the limited partner-
would otherwise be entitled to the, return of his contribution.