United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 31, § 1366: Distribution in kind, 2005

A partner may not demand or receive a distribution from a limited partnership in any form other than cash.

distributionslimited partnershipspartnership interests

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01

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“A partner may not demand or receive a distribution from a limited partnership in any form other than cash.”

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    Enacted 2005 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Distribution in kind

A partner may not demand or receive a distribution from a limited partnership in any form other than cash.

Section 1366

04

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Source record from legislature.maine.gov · Enacted 2005 · Source version 1 Oct 2025

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Showing 1 of 1 provisions

Provision
§ 1366Distribution in kindProvision

A partner may not demand or receive a distribution from a limited partnership in any form other than cash.

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 section 1402, subsection 2, 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. [PL 2005, c. 543, Pt. C, §2 (NEW).]
Section 1366Verify source

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  • 1 Oct 2025 · currentEnglish

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