{"data":{"id":"us-ri/r.i.-gen.-laws-7-12.1-405","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-12.1-405","heading":"Sharing of and right to distributions before dissolution.","body":"(a) Any distribution made by a partnership before its dissolution and winding up must be in equal shares among partners, except to the extent necessary to comply with a transfer effective under § 7-12.1-503 or charging order in effect under § 7-12.1-504.\n(b) Subject to § 7-12.1-701, a person has a right to a distribution before the dissolution and winding up of a partnership only if the partnership decides to make an interim distribution.\n(c) A person does not have a right to demand or receive a distribution from a partnership in any form other than money. Except as otherwise provided in § 7-12.1-806, a partnership may distribute an asset in kind only if each part of the asset is fungible with each other part and each person receives a percentage of the asset equal in value to the person’s share of distributions.\n(d) If a partner or transferee becomes entitled to receive a distribution, the partner or transferee has the status of, and is entitled to all remedies available to, a creditor of the partnership with respect to the distribution. However, the partnership’s obligation to make a distribution is subject to offset for any amount owed to the partnership by the partner or a person dissociated as partner on whose account the distribution is made.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 12.1 Uniform Partnership Act","Article 4 Relations of Partners to Each Other and to Partnership"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-12.1/7-4/7-12.1-405.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:33:29Z","sha256":"babfc147e74faa786ad745ea2653a116fd1ede6fc77992ada09fe75cf9fab504","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-12.1-404","next":"us-ri/r.i.-gen.-laws-7-12.1-406"},"notice":"GroundRules: Original legal text. Not legal advice."}