Mich. Comp. Laws § 449.1605
Distribution in cash or in kind.
Michigan · Michigan Compiled Laws — MICHIGAN REVISED UNIFORM LIMITED PARTNERSHIP ACT (Act 213 of 1982) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 449.1605, Distribution in cash or in kind, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1363382
- Permanent ID
ys:prov:1363382@1- SHA-256
29cf6ea33005f7872dd7b51bd1527eaa48e9e041dfb0ae378e771f205b2892e3
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Except as provided in the certificate of limited partnership, a limited partner, and except as provided in the partnership agreement, a general partner, regardless of the nature of the partner's contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash. Except as provided 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 or her exceeds a percentage of that asset which is equal to the percentage in which the partner shares in distributions from the limited partnership.