§54-500-506A. Distribution in kind.
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/ok/title-54-partnership/54-500-506a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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
(b)of Section 74 of this act, 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. Added by Laws 2010, c. 384, § 48, eff. Jan. 1, 2011.