Distribution in Kind.

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Section 10A-8A-4.07

Distribution in kind.

A partner does not have a right to demand and receive a distribution from a partnership in any form other than money. Except as otherwise provided in Section 10A-8A-8.07, a partnership may distribute an asset in kind if each partner receives a percentage of the asset in proportion to the partner's share of distributions.

(Act 2018-125, §7.)


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