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Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 50-73.40: Distribution in kind

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Where this section sits in the code
  1. Title 50. PARTNERSHIPS
  2. Chapter 2.1. VIRGINIA REVISED 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 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.1985, c. 607; 1987, c. 702.

Collected 2026-09-04T15:16:59Z. Source file · JSON

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