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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 48-7-605: Distribution in kind.

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Where this section sits in the code
  1. TITLE 48. PARTNERSHIPS
  2. 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

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