Massachusetts Statutes
§ 35 — Distribution in kind
Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XV REGULATION OF TRADE·Ch. 109 LIMITED PARTNERSHIP
Section 35. Except as provided in writing in the partnership agreement, a partner, regardless of the nature of his contribution, has no right to demand and 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.
Free access — add to your briefcase to read the full text and ask questions with AI
Massachusetts § 35 (Distribution in kind) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.