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2004 Florida Statutes
SECTION 145
Distribution in kind.
Distribution in kind.
620.145 Distribution in kind.--Except as provided in writing in the partnership agreement:
(1) A partner, regardless of the nature of her or his contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash.
(2) 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 the partner exceeds a percentage of that asset which is equal to the percentage in which she or he shares in distributions from the limited partnership.
History.--s. 37, ch. 86-263; s. 128, ch. 97-102.