2006 Ohio Revised Code - 1782.35. Distributions in kind.
§ 1782.35. Distributions in kind.
Except as provided in writing in the partnership agreement, a partner, regardless of the nature of his contribution, shall have no right to demand and receive any distribution from a limited partnership in any form other than cash. Except as provided in writing in the partnership agreement, a partner may not be compelled to accept a distribution of any asset in kind from a limited partnership to the extent that the percentage of the asset distributed to him exceeds or is less than a percentage of that asset that is equal to the percentage in which he shares in distributions from the limited partnership.
HISTORY: 140 v 607 (Eff 4-1-85); 145 v S 74. Eff 7-1-94.
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