Indiana Statutes
§ 23-16-7-5 — Distribution in kind
Indiana § 23-16-7-5
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 16LIMITED PARTNERSHIPS
Ch. 7Distributions and Withdrawals
This text of Indiana § 23-16-7-5 (Distribution in kind) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 23-16-7-5 (2026).
Text
(a)Except as provided in the partnership
agreement, a partner, regardless of the nature of the partner's
contribution, has no right to demand and receive any distribution from
a limited partnership in any form other than cash.
(b)Except as provided 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 the partner exceeds a percentage of that asset that is
equal to the percentage in which the partner shares in distributions
from the limited partnership.
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Legislative History
As added by P.L.147-1988, SEC.1.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-16-7-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-16-7-5.