488.506 Distribution in kind.
62 words·~1 min read·
/ia/chapter-488-uniform-limited-partnership-act/488-506·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
2004 Acts, ch 1021, §48, 118