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Distribution in kind.

Iowa Code § 488.506
in effect
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488.506. 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 488.812, 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. 2004 Acts, ch 1021, §48, 118
Source: Iowa Legislature (legis.iowa.gov)URL: https://www.legis.iowa.gov/docs/code/2026/488.506.pdfFetched: 10/20/2026

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