N.C. Gen. Stat. § 59-605: Distribution in kind.
Where this section sits in the code
- Chapter 59. Partnership.
- Article 5. Revised Uniform Limited Partnership Act.
- Part 6. Distribution and Withdrawal.
Except as provided in writing in the limited partnership agreement, (1) a partner, regardless of the nature of his contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash; and (2) 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 exceeds a percentage of that asset which is equal to the percentage in which he shares in distributions from the limited partnership. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
Collected 2026-08-27T18:07:02Z. Source file · JSON