KRS 362.1-402: Distributions in kind.
Where this section sits in the code
(1) A partner, regardless of the nature of the partner's contribution, has no right to
demand and receive any distribution in kind from a partnership. A partner shall 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.
(2) The property of a partnership subject to this subchapter shall not be subject to KRS
381.135(1)(a)1.
Collected 2026-09-05T20:58:57Z. Source file · JSON