Cal. Corp. Code § 15905.06
Current through the 2024 Legislative Session.
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.
Ca. Corp. Code § 15905.06