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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 33-42-1050: Distribution in kind.

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Where this section sits in the code
  1. Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
  2. CHAPTER 42 Uniform Limited Partnership Act
  3. ARTICLE 6 Distributions and Withdrawal

Except as provided in writing in the partnership agreement, 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. Except as provided in writing 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 exceeds a percentage of that asset which is equal to the percentage in which he shares in distributions from the limited partnership.

Collected 2026-09-02T07:04:29Z. Source file · JSON

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