§ 402 — Distributions in kind

Illinois § 402

• Jurisdiction: 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

Text

A partner has no right to receive, and may not be required to accept, a distribution in kind.

Legislative History

(Source: P.A. 92-740, eff. 1-1-03.)