NRS 87A.415 Distribution in kind.
63 words·~1 min read·
/nv/chapter-87a-uniform-limited-partnership-act-2001/87a-415·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 87A.415 Distribution in kind. 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 subsection 2 of NRS 87A.530 , 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.