Oklahoma Statutes (Last Updated: September 18, 2014)

§ 54-500-506A. Distribution in kind.

Latest version.

DISTRIBUTION IN KIND.
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 subsection (b) of Section 74 of this act, 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.

Added by Laws 2010, c. 384, § 48, eff. Jan. 1, 2011.

                    
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