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2017 California Code
Corporations Code - CORP
TITLE 2 - PARTNERSHIPS
CHAPTER 4.5 - Uniform Limited Partnership Act of 2008
ARTICLE 5 - Contributions and Distributions
Section 15905.06.
Universal Citation: CA Corp Code § 15905.06 (2017)
15905.06.
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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