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322A.49 Distribution in kind.

Except as provided in writing in the partnership agreement, a partner, regardless of the nature of 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 that partner exceeds a percentage of that asset which is equal to the percentage in which that partner shares in distributions from the limited partnership.

HIST: 1980 c 582 art 5 s 35; 1986 c 430 s 19; 1986 c 444

Official Publication of the State of Minnesota
Revisor of Statutes