{"data":{"id":"us-wi/wis.-stat.-178.0405","jurisdiction":"us-wi","citation":"Wis. Stat. § 178.0405","heading":"Sharing of and right to distributions before dissolution.","body":"(1) 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 s. 178.0503 or charging order in effect under s. 178.0504.\n(2) Subject to s. 178.0701, 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(3) 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 s. 178.0806 (6), 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(4) 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":["Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations","Chapter 178 Uniform Partnership Law","SUBCHAPTER IV RELATIONS OF PARTNERS TO EACHOTHER AND TO PARTNERSHIP"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/178.0405","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:00Z","sha256":"022220bbee5ca293f0dca254cdc0d30aacd5fb971572354d6748d7578386d325","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-178.0404","next":"us-wi/wis.-stat.-178.0406"},"notice":"GroundRules: Original legal text. Not legal advice."}