GroundRules
AS 32.11.280: Distribution in kind.
Where this section sits in the code
- Title 32. Partnership.
- Chapter 11. Uniform Limited Partnership Act.
- Article 5. Distributions, Withdrawal, and Return of Contribution.
Except as provided in writing in the partnership agreement, a partner, regardless of the nature of the partner's contribution, does not have the right to demand and receive a distribution from a limited partnership in a form other than cash. Except as provided in writing in the partnership agreement, a partner may not be compelled to accept a distribution of an asset in kind from a limited partnership to the extent that the percentage of the asset distributed to the partner exceeds a percentage of that asset that is equal to the percentage in which the partner shares in distributions from the limited partnership.
Collected 2026-09-02T06:18:30Z. Source file · JSON