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 s. 620.1813, 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.
Fla. Stat. § 620.1506
Distribution in kind
Known as the Florida Revised Uniform Limited Partnership Act
The act spans §§ 620.1101 to 620.2205 (121 sections).
History.--s. 17, ch. 2005-267.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.