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Vermont · Through 2025 session

11 V.S.A. § 3455: Distribution in kind

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Where this section sits in the code
  1. Title 11: Corporations, Partnerships and Associations
  2. Chapter 023: Limited Partnerships
  3. Subchapter 006: DISTRIBUTIONS AND WITHDRAWAL

Except as provided in writing in the partnership agreement, a partner, regardless of the nature of his or her 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 or her exceeds a percentage of that asset which is equal to the percentage in which he or she shares in distributions from the limited partnership.

Collected 2026-09-05T16:00:51Z. Source file · JSON

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