(506) Distribution in kind

N.D. Cent. Code § 45-10.2-51
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
45-10.2-51. (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 subsection 2 of section 45-10.2-75, a limited partnership may distribute an asset in kind to the extent each partner receives a percentage of the asset equal to the share of distributions of the partner.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t45c10-2.pdf#nameddest=45-10p2-51Fetched: 10/16/2026

Starting a business in North Dakota? North Dakota LLC guide: costs and requirements