Mich. Comp. Laws § 449.1605: Distribution in cash or in kind.
Where this section sits in the code
- MI Code
- Chapter 449
- Act Act-213-of-1982
Sec. 605.
Except as provided in the certificate of limited partnership, a limited partner, and except as provided in the partnership agreement, a general partner, regardless of the nature of the partner's contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash. Except as provided in the partnership agreement, a partner may not be compelled to accept a distribution of any asset in kind from a limited partnership to the extent that the percentage of the asset distributed to him or her exceeds a percentage of that asset which is equal to the percentage in which the partner shares in distributions from the limited partnership.
Collected 2026-09-14T18:32:31Z. Source file · JSON