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Kentucky · Snapshot 09/05/2026

KRS 362.1-402: Distributions in kind.

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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

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