1998 Minnesota Statutes

     322A.49 Distribution in kind. 

    Except as provided in writing in the partnership agreement, 
 a partner, regardless of the nature of contribution, has no 
 right to demand and receive any distribution from a limited 
 partnership in any form other than cash.  Except as provided in 
 writing 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 to that partner exceeds a percentage of that 
 asset which is equal to the percentage in which that partner 
 shares in distributions from the limited partnership. 

    HIST: 1980 c 582 art 5 s 35; 1986 c 430 s 19; 1986 c 444