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§ 620.1506 — Florida Law | CourtGPT
  1. Home/
  2. Laws/
  3. Florida/
  4. Title Xxxvi - Business Organizations/
  5. Chapter 620 - Partnership Laws/
  6. Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)620.1101 - Popular Name/
  7. § 620.1506
Florida Legal Code

§ 620.1506

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620.1506 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 s. 620.1813, 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.History.—s. 17, ch. 2005-267.