A partner has no right to receive, and may not be required to accept, a distribution in kind.
History: Laws 1996, ch. 53, § 402.
Structure 2021 New Mexico Statutes
Article 1A - Uniform Partnerships
Article 4 - Relations of Partners to Each Other and to Partnership.
Section 54-1A-401 - Partner's rights and duties.
Section 54-1A-402 - Distributions in kind.
Section 54-1A-403 - Partner's rights and duties with respect to information.
Section 54-1A-404 - General standards of partner's conduct.
Section 54-1A-405 - Actions by partnership and partners.
Section 54-1A-406 - Continuation of partnership beyond definite term or particular undertaking.