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Section 14-9-605 - Form of distribution — Georgia Law | CourtGPT
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  2. Laws/
  3. Georgia/
  4. Title 14 - Corporations, Partnerships, and Associations/
  5. Chapter 9 - Revised Uniform Limited Partnership Act/
  6. Article 6 - Distributions and Withdrawal/
  7. Section 14-9-605 - Form of distribution
Georgia Legal Code

Section 14-9-605 - Form of distribution

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Except as provided in writing in the partnership agreement, a partner, regardless of the nature of his contribution, has no right to demand or to receive any distribution from a limited partnership in any form other than cash. Except as provided in writing 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.