There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 48 PARTNERSHIPS
Chapter 07. Uniform Limited Partnership Act
§48-7-605 Distribution in kind.
SD Codified L § 48-7-605 (through 2011) What's This?
48-7-605. Distribution in kind. Except as provided in writing in the partnership agreement, a partner, regardless of the nature of his contribution, has 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 a percentage of that asset which is equal to the percentage in which he shares in distributions from the limited partnership.
Source: SL 1986, ch 391, § 605.
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