{"data":{"id":"us-ky/krs-362.2-506","jurisdiction":"us-ky","citation":"KRS 362.2-506","heading":"Distribution in kind.","body":"(1) A partner, regardless of the nature of the partner's contribution, has no right to\ndemand or receive any distribution from a limited partnership in any form other\nthan cash. A limited partnership may distribute an asset in kind only to the extent\nthat each partner receives a percentage of the asset equal to the partner's share of\ndistributions.\n(2) The property of a limited partnership subject to this subchapter shall not be subject\nto KRS 381.135(1)(a)1.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34596","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:58Z","sha256":"40aa62571abd217d936a4cfef716002117fdea1094038a37f005f19233e42cb4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.2-505","next":"us-ky/krs-362.2-507"},"notice":"GroundRules: Original legal text. Not legal advice."}