{"data":{"id":"us-ia/iowa-code-488.506","jurisdiction":"us-ia","citation":"Iowa Code § 488.506","heading":"Distribution in kind.","body":"A partner does not have a right to demand or receive any distribution from a limited partnership in any form other than cash. Subject to section 488.812, subsection 2, a limited partnership may distribute an asset in kind to the extent each partner receives a percentage of the asset equal to the partner’s share of distributions.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 488 - UNIFORM LIMITED PARTNERSHIP ACT","Article 5 - CONTRIBUTIONS AND DISTRIBUTIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/488.506.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"e1413c37f07f470feb15102fa0cfd112a5cdd4f16e0ddb6f245febdd8276efc1","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-488.505","next":"us-ia/iowa-code-488.507"},"notice":"GroundRules: Original legal text. Not legal advice."}