GroundRules
31 M.R.S. §1366: Distribution in kind
Where this section sits in the code
- TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 19: UNIFORM LIMITED PARTNERSHIP ACT
- SUBCHAPTER 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 1402, 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 2026-09-04T15:12:37Z. Source file · JSON