KRS 362.2-506: Distribution in kind.

(1) A partner, regardless of the nature of the partner's contribution, has no right to

demand or receive any distribution from a limited partnership in any form other

than cash. A limited partnership may distribute an asset in kind only to the extent

that each partner receives a percentage of the asset equal to the partner's share of

distributions.

(2) The property of a limited partnership subject to this subchapter shall not be subject

to KRS 381.135(1)(a)1.