Iowa Statutes
§ 488.506 — Distribution in kind
Iowa § 488.506
This text of Iowa § 488.506 (Distribution in kind) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 488.506 (2026).
Text
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 488.812, subsection 2, 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.
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Nearby Sections
15
§ 488.1001
Direct action by partner§ 488.1002
Derivative action§ 488.1003
Proper plaintiff§ 488.1004
Pleading§ 488.1005
Proceeds and expenses§ 488.101
Short title§ 488.102
Definitions§ 488.103
Knowledge and notice§ 488.105
Powers§ 488.106
Governing law§ 488.108
Name§ 488.109
Reservation of nameCite This Page — Counsel Stack
Bluebook (online)
Iowa § 488.506, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/488.506.