Section 121-605. Distribution in kind  


Latest version.
  • Except as provided in the partnership
      agreement,  a partner, regardless of the nature of his contribution, has
      no  right  to  demand  and  receive  any  distribution  from  a  limited
      partnership  in  any  form  other  than  cash. Except as provided in the
      partnership agreement, a partner  may  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.