California Statutes
§ 15905.06. — 15905.06. (Amended by Stats. 2007, Ch. 130, Sec. 44.)
California·Code CORP Corporations Code - CORP·Title 2. TITLE 2. PARTNERSHIPS·Ch. 4.5. CHAPTER 4.5. Uniform Limited Partnership Act of 2008·Art. 5. ARTICLE 5. Contributions and Distributions
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 subdivision (b) of Section 15908.09, 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.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 15905.06. (15905.06. (Amended by Stats. 2007, Ch. 130, Sec. 44.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2007, Ch. 130, Sec. 44. Effective January 1, 2008.