(506) Distribution in kind

N.D.C.C. § 45-10.2-51 — under Uniform Limited Partnership Act.

N.D.C.C. § 45-10.2-51

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 subsection 2 of section 45-10.2-75, a limited partnership may distribute an asset in kind to the extent each partner receives a percentage of the asset equal to the share of distributions of the partner.