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2019 Minnesota Statutes
Chapters 300 - 323A — Business, Social, And Charitable Organizations
Chapter 321 — Uniform Limited Partnership Act 2001
Section 321.0506 — Distribution In Kind.
Universal Citation: MN Stat § 321.0506 (2019)
321.0506 DISTRIBUTION IN KIND.
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 section 321.0812(b), 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.
History: 2004 c 199 art 5 s 48
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