Minnesota Statutes
§ 321.0506 — DISTRIBUTION IN KIND
Minnesota § 321.0506
JurisdictionMinnesota
PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
Ch. 321UNIFORM LIMITED PARTNERSHIP ACT 2001
This text of Minnesota § 321.0506 (DISTRIBUTION IN KIND) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 321.0506 (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 321.0812(b), 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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Legislative History
2004 c 199 art 5 s 48
Nearby Sections
15
§ 321.0101
SHORT TITLE§ 321.0102
DEFINITIONS§ 321.0103
KNOWLEDGE AND NOTICE§ 321.0104
NATURE, PURPOSE, AND DURATION OF ENTITY§ 321.0105
POWERS§ 321.0106
GOVERNING LAW§ 321.0108
NAME§ 321.0109
RESERVATION OF NAME§ 321.0111
REQUIRED INFORMATION§ 321.0113
DUAL CAPACITY§ 321.0114
OFFICE AND AGENT FOR SERVICE OF PROCESSCite This Page — Counsel Stack
Bluebook (online)
Minnesota § 321.0506, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/321/321.0506.