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Section 61-2-605 - Distribution in kind — Tennessee Law | CourtGPT
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  7. Section 61-2-605 - Distribution in kind
Tennessee Legal Code

Section 61-2-605 - Distribution in kind

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Except as provided 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.Acts 1988, ch. 922, § 1.