Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 4 - Partnerships > Chapter 47 - Uniform Limited Partnership Act (2001) > Subchapter 5 - Contributions and Distributions > § 4-47-506 - Distribution in kind.

§ 4-47-506 - Distribution in kind.

4-47-506. Distribution in kind.

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 4-47-812(b), 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.