SDCL § 48-7-605: Distribution in kind.
Where this section sits in the code
- TITLE 48. PARTNERSHIPS
- CHAPTER 48-7. UNIFORM LIMITED PARTNERSHIP ACT
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 2026-09-03T15:18:57Z. Source file · JSON