California Legal Codes and Statutes

§ 15905.06

Amended by Stats. 2007, Ch. 130, Sec. 44. Effective January 1, 2008.

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.

Cite this section

Cal. Corp. Code § 15905.06 (2026)
https://ca.codecond.com/codes/corp/title-2-partnerships/chapter-4-5-uniform-limited-partnership-act-of-2008/article-5-contributions-and-distributions/section-15905.06

Other sections in Article 5 - Contributions and Distributions

§ 15905.01§ 15905.02§ 15905.03§ 15905.035§ 15905.04§ 15905.05§ 15905.06§ 15905.07§ 15905.08§ 15905.09

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