Conn. Gen. Stat. § 34-20c
Distributions in cash to partner; distributions in kind, when permitted
Connecticut · General Statutes of Connecticut Chapter 610 — Uniform Limited Partnership Act · Status: effective
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- Citation
- Conn. Gen. Stat. § 34-20c, Distributions in cash to partner; distributions in kind, when permitted, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2199801
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Full text
Except as provided 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 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.