Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-9-5.06 - Distribution in kind
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Section 10A-9-5.06 - Distribution 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.)
Sections: 10A-9-4.07 10A-9-4.08 10A-9-5.01 10A-9-5.02 10A-9-5.03 10A-9-5.04 10A-9-5.05 10A-9-5.06 10A-9-5.07 10A-9-5.08 10A-9-5.09 10-9A-6.01 10-9A-6.02 10-9A-6.03 10-9A-6.04
Last modified: February 19, 2012
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