2017 Code of Alabama
Title 10A - ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE.
Chapter 9A - ALABAMA LIMITED PARTNERSHIP LAW.
Article 5 - Contributions and Distributions.
Section 10A-9A-5.06 - Distribution in kind.

Universal Citation: AL Code § 10A-9A-5.06 (2017)
Section 10A-9A-5.06Distribution in kind.

A partner does not have a right to demand and receive a distribution from a limited partnership in any form other than money. Except as otherwise provided in Section 10A-9A-8.09(c), a limited partnership may distribute an asset in kind if each partner receives a percentage of the asset in proportion to the partner's share of distributions.

(Act 2016-379, §1.)
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