There is a newer version of this Section
2022
2021
2020
2019 (you are here)
2018
Other previous versions
View our newest version here

2019 Kentucky Revised Statutes
Chapter 362 - Partnerships
Subchapter 362.1 - Kentucky Revised Uniform Partnership Act (2006)
362.1-402 Distributions in kind.

Universal Citation: KY Rev Stat § 362.1-402 (2019)
Previous Next

Download as PDF
362.1-402 Distributions in kind. (1) (2) A partner, regardless of the nature of the partner's contribution, has no right to demand and receive any distribution in kind from a partnership. A partner shall not be compelled to accept a distribution of any asset in kind from a partnership to the extent that the percentage of the asset distributed to the partner exceeds a percentage of that asset which is equal to the percentage in which the partner shares in distributions from the partnership. A partner may be compelled to accept a distribution of any asset in kind from a partnership to the extent that the percentage of the asset distributed to the partner is equal to a percentage of that asset which is equal to the percentage in which the partner shares in distributions from the partnership. The property of a 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. 37, effective July 12, 2006.
Previous Next
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.