GroundRules
Iowa Code § 488.506: Distribution in kind.
Where this section sits in the code
- Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
- Chapter 488 - UNIFORM LIMITED PARTNERSHIP ACT
- Article 5 - CONTRIBUTIONS AND DISTRIBUTIONS
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 488.812, subsection 2, 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.
Collected 2026-09-14T19:40:12Z. Source file · JSON