Georgia Statutes

§ 14-9-605 — Form of distribution

Georgia·Title 14
Except as provided in writing in the partnership agreement, a partner, regardless of the nature of his contribution, has no right to demand or to 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.

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Related

Bloomfield v. Bloomfield
646 S.E.2d 207 (Supreme Court of Georgia, 2007)
36 case citations

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