There is a newer version of the California Code
2011 California Code
Corporations Code
TITLE 2. PARTNERSHIPS [15800 - 15912.07]
ARTICLE 5. Contributions and Distributions
Section 15905.06
CA Corp Code § 15905.06 (through 2012 Leg Sess) What's This?
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 subdivision (b) of Section 15908.09, 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.
(Amended by Stats. 2007, Ch. 130, Sec. 44. Effective January 1, 2008.)
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