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The Florida Senate

2004 Florida Statutes

Section 620.145, Florida Statutes 2004

620.145  Distribution in kind.--Except as provided in writing in the partnership agreement:

(1)  A partner, regardless of the nature of her or his contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash.

(2)  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 which is equal to the percentage in which she or he shares in distributions from the limited partnership.

History.--s. 37, ch. 86-263; s. 128, ch. 97-102.