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 ยง 4-47-812(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.
Section: Previous 4-47-502 4-47-503 4-47-504 4-47-505 4-47-506 4-47-507 4-47-508 4-47-509 NextLast modified: November 15, 2016