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Cal. Corporations Code § 15905.06

Cal. Corporations Code § 15905.06

California · California Corporations Code · Status: effective · Effective 2008-01-01

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Cal. Corporations Code § 15905.06, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/792791
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A partner does not have a right to demand or receive any distribution from a limited partnership in any form other than cash. Subject to subdivision (b) of Section 15908.09, a limited partnership may distribute an asset in kind to the extent each partner receives a percentage of the asset equal to the partner’s share of distributions.