GroundRules
35-12-1005: Distributions in kind.
Where this section sits in the code
- TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
- CHAPTER 12. LIMITED PARTNERSHIPS
- Part 10. Distribution and Dissociation
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 35-12-1216(2), a limited partnership may distribute an asset in kind to the extent that each partner receives a percentage of the asset equal to the partner's share of distributions.
Collected 2026-09-14T04:53:23Z. Source file · JSON