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2009 Alabama Code
Title 10 — CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS.
Chapter 9C — ALABAMA UNIFORM LIMITED PARTNERSHIP ACT OF 2010.
Section 10-9C-506 (Effective January 1, 2010) Distribution in kind.

Section 10-9C-506

(Effective January 1, 2010) 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 Section 10-9C-812(b), 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.

(Act 2009-621, §1.)

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