Va. Code § 50-73.40

Current with changes from the 2024 legislative session through ch. 845
Section 50-73.40 - Distribution in kind

Except as provided in writing 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.

Va. Code § 50-73.40

1985, c. 607; 1987, c. 702.
Amended by Acts 1987, § c.702.
Amended by Acts 1985, § c. 607.