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Form a Business

Distribution in kind

31 M.R.S. §1366
in effect
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1366. 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 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, §C2 (NEW).
Source: Maine Legislature, Office of the Revisor of Statutes (legislature.maine.gov)URL: https://legislature.maine.gov/statutes/31/title31sec1366.htmlFetched: 10/20/2026

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