New Hampshire § 304-B:35 Distribution in Kind

New Hampshire Statutes

§ 304-B:35 — Distribution in Kind

New Hampshire § 304-B:35

Title XXVIIIPARTNERSHIPS

Ch. 304-BUNIFORM LIMITED PARTNERSHIP ACT

SubdivisionDistributions and Withdrawal

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Bluebook

N.H. Rev. Stat. Ann. § 304-B:35 (2026).

Text

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.

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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.