362.469 Distribution in kind.
90 words·~1 min read·
/ky/chapter-362/362-469A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as provided in writing in the partnership agreement:
(1)A partner, regardless of the nature of his contribution, shall not demand or receive
any distribution from a limited partnership in any form other than cash.
(2)A partner shall 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 him
exceeds a percentage of that asset which is equal to the percentage in which he
shares in distributions from the limited partnership.