Illinois · Through at least Public Act 104-790

805 ILCS 215/506: Distribution in kind.

Where this section sits in the code

CHAPTER 805 BUSINESS ORGANIZATIONS
Uniform Limited Partnership Act (2001).

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 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.

Collected 2026-09-15T04:46:47Z. Source file · JSON

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