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 § 4-47-812(b), 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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Chapter 47 - Uniform Limited Partnership Act (2001)
Subchapter 5 - Contributions and Distributions
§ 4-47-501. Form of contribution
§ 4-47-502. Liability for contribution
§ 4-47-503. Sharing of distributions
§ 4-47-504. Interim distributions
§ 4-47-505. No distribution on account of dissociation
§ 4-47-506. Distribution in kind
§ 4-47-507. Right to distribution