Statute · California Corporations Code
Cal. Corp. Code § 15905.06 — Contributions and Distributions
Cal. Corp. Code § 15905.06
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Date
- 2008-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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 subdivision (b) of Section 15908.09, a limited partnership may distribute an asset in kind to the extent each partner receives a percentage of the asset equal…
Citator
Cal. Corp. Code § 15905.06 — Contributions and Distributions is in force in the current edition of the Code, and nothing recorded condemns it.
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 subdivision (b) of Section 15908.09, 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.