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.
N.D. Cent. Code § 45-10.2-51
(506) Distribution in kind
Known as the North Dakota Uniform Limited Partnership Act
The act spans §§ 45–45 (119 sections).
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.