Illinois Statutes
§ 402 — Distributions in kind
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 206/ Uniform Partnership Act (1997).·Art. Article 4 - Relations Of Partners To Each Other And To Partnership
A partner has no right to receive, and may not be required to accept, a distribution in kind.
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Legislative History
(Source: P.A. 92-740, eff. 1-1-03.)
Nearby Sections
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§ 40
§ 40§ 40-1
Right of action§ 40-10
Pleading§ 40-15
Expenses§ 40-5
Proper plaintiff§ 406
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§ 407