Corporations Code section 15905.06

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 subdivision (b) of Section 15908.09, 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.

Source: Section 15905.06, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CORP§ionNum=15905.­06.­ (updated Jan. 1, 2008; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 15905.06's source at ca​.gov