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Iowa Code Title XII. Business Entities [Chs. 486-504C] § 488.506. Distribution in kind

Current as of January 01, 2024 | Updated by FindLaw Staff

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 section 488.812, subsection 2, 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.

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Cite this article: FindLaw.com - Iowa Code Title XII. Business Entities [Chs. 486-504C] § 488.506. Distribution in kind - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xii-business-entities-chs-486-504c/ia-code-sect-488-506/

Read this complete Iowa Code Title XII. Business Entities [Chs. 486-504C] § 488.506. Distribution in kind on Westlaw. Westlaw subscription required.

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