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2020 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 8A - Alabama Partnership Law
Article 4 - Relations of Partners to Each Other and to Partnership.
Section 10A-8A-4.07 - Distribution in Kind.
Universal Citation: AL Code § 10A-8A-4.07 (2020)
Section 10A-8A-4.07
Distribution in kind.
A partner does not have a right to demand and receive a distribution from a partnership in any form other than money. Except as otherwise provided in Section 10A-8A-8.07, a 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 2018-125, §7.)
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