Except as provided in the partnership agreement, a partner, regardless of the nature of the partner's contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash. Except as provided in the partnership agreement, 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 exceeds a percentage of that asset which is equal to the percentage in which the partner shares in distributions from the limited partnership. Except as provided in the partnership agreement, a partner may 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 is equal to a percentage of that asset which is equal to the percentage in which the partner shares in distributions from the limited partnership.
Structure Delaware Code
Chapter 17. LIMITED PARTNERSHIPS
Subchapter VI. Distributions and Withdrawal
§ 17-601. Interim distributions.
§ 17-602. Withdrawal of general partner and assignment of general partner's partnership interest.
§ 17-603. Withdrawal of limited partner.
§ 17-604. Distribution upon withdrawal.
§ 17-605. Distribution in kind.
§ 17-606. Right to distribution.