Except as provided in writing in the partnership agreement, a partner, regardless of the nature of the partner's contribution, does not have the right to demand and receive a distribution from a limited partnership in a form other than cash. Except as provided in writing in the partnership agreement, a partner may not be compelled to accept a distribution of an 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 that is equal to the percentage in which the partner shares in distributions from the limited partnership.
Structure Alaska Statutes
Chapter 11. Uniform Limited Partnership Act
Article 5. Distributions, Withdrawal, and Return of Contribution.
Sec. 32.11.240. Interim distributions.
Sec. 32.11.250. Withdrawal of general partner.
Sec. 32.11.260. Withdrawal of limited partner.
Sec. 32.11.270. Distribution upon withdrawal.
Sec. 32.11.280. Distribution in kind.
Sec. 32.11.290. Right to distribution.