6 Del. C. § 15-402: Distributions in kind.
Where this section sits in the code
- Title 6. Commerce and Trade
- SUBTITLE II
- Other Laws Relating to Commerce and Trade
- CHAPTER 15. Delaware Revised Uniform Partnership Act
- Subchapter IV. Relations of Partners to Each Other and to Partnership
A partner, regardless of the nature of the partner’s contribution, has no right to demand and receive any distribution from a partnership in kind. A partner may not be compelled to accept a distribution of any asset in kind from a partnership to the extent that the percentage of the asset distributed to the partner exceeds a percentage of that asset which is equal to the percentage in which the partner shares in distributions from the partnership. A partner may be compelled to accept a distribution of any asset in kind from a partnership to the extent that the percentage of the asset distributed to the partner is equal to a percentage of that asset which is equal to the percentage in which the partner shares in distributions from the partnership.
Collected 2026-09-05T23:02:06Z. Source file · JSON