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§ 500-506A. Distribution in kind

Oklahoma Statutes AnnotatedTitle 54. Partnership

Oklahoma Statutes Annotated
Title 54. Partnership
Chapter 9. Uniform Limited Partnership Act of 2010 (Refs & Annos)
Article 5. Contributions and Distributions
54 Okl.St.Ann. § 500-506A
§ 500-506A. Distribution in kind
Currentness
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.

Credits

Laws 2010, c. 384, § 48, eff. Jan. 1, 2011.
54 Okl. St. Ann. § 500-506A, OK ST T. 54 § 500-506A
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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