A partner shall not have a right to demand or receive any distribution from a limited partnership in any form other than cash. Subject to section 425E-812(b), 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.
Haw. Rev. Stat. § 425E-506
Distribution in kind
Known as the Uniform Limited Partnership Act
The act spans §§ 425E-1001 to 425E-908 (110 sections).
L 2003, c 210, pt of §1
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.