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2011 Kentucky Revised Statutes
Subchapter 2 Kentucky Uniform Limited Partnership Act (2006)
362.2.506 Distribution in kind.


KY Rev Stat § 362.2.506 (1996 through Reg Sess) What's This?
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362.2-506 Distribution in kind. (1) (2) A partner, regardless of the nature of the partner's contribution, has no right to demand or receive any distribution from a limited partnership in any form other than cash. A limited partnership may distribute an asset in kind only to the extent that each partner receives a percentage of the asset equal to the partner's share of distributions. The property of a limited partnership subject to this subchapter shall not be subject to KRS 381.135(1)(a)1. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 149, sec. 134, effective July 12, 2006.

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