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 NRS 87A.530, 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.
NRS 87A.415
Distribution in kind
Known as the Uniform Limited Partnership Act
The act spans §§ 87–87 (147 sections).
(Added to NRS by 2007, 461)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.