{"data":{"id":"us-or/ors-70.265","jurisdiction":"us-or","citation":"ORS 70.265","heading":"Rights of partner regarding distribution; remedies.","body":"(1) Except as provided in writing in the partnership agreement, a partner has no right to demand and receive any distribution from a limited partnership in any form other than cash, regardless of the nature of the partner’s contribution. 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 the partner exceeds a percentage of that asset that is equal to the percentage in which the partner shares in distributions from the limited partnership.\n      (2) When a partner becomes entitled to receive a distribution, the partner has the status of and is entitled to all remedies available to a creditor of the limited partnership with respect to the distribution.","path":["02 - Business Organizations, Commercial Code","7. Corporations and Partnerships","Chapter 70 — Limited Partnerships"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors070.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:10Z","sha256":"8952c7e7f3a0cf30884622b541386a51f3ec787a867b9fb3f2ecd61adc3ff8a8","source_id":"us-or","stale":false,"prev":"us-or/ors-70.260","next":"us-or/ors-70.270"},"notice":"GroundRules: Original legal text. Not legal advice."}