Section 10A-9-5.06


Published: 2015

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Section 10A-9-5.06

Section 10A-9-5.06Distribution in kind.

A partner does not have a right to demand or receive any distribution from a limited partnership in any form other than cash. Subject to Section 10A-9-8.12(b), a limited partnership may distribute an asset in kind to the extent each partner receives a percentage of the asset equal to the partner's share of distributions.

(Act 2009-621, p. 1805, §1.)