Distribution in kind

7-62-605. Distribution in kind. Except as provided in writing 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 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 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. Source: L. 81: Entire article added, p. 445, � 1, effective November 1. L. 86: Entire section amended, p. 456, � 27, effective July 1. L. 2004: Entire section amended, p. 1444, � 138, effective July 1.