Distribution in kind

Va. Code Ann. § 50-73.40
in effect
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Except as provided in writing in the partnership agreement, a partner, regardless of the nature of his contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash. Except as provided in the partnership agreement, a partner may not be compelled to accept a distribution of any asset in kind from a limited partnership to the extent that the percentage of the asset distributed to him exceeds a percentage of that asset which is equal to the percentage in which he shares in distributions from the limited partnership. 1985, c. 607; 1987, c. 702.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/50-73.40/Fetched: 10/16/2026

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Va. Code Ann. § 50-73.40 — Distribution in kind | Code of Virginia (Aug. 2026 snapshot) | Corpus