Section 179.55. Distribution in kind.

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Except as provided in writing in the partnership agreement or in a certificate of limited partnership under s. 179.105 (2) , a partner has no right to demand and receive any distribution from a limited partnership in any form other than cash. Except as provided in writing 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 or her exceeds a percentage of that asset which is equal to the percentage in which he or she shares in distributions from the limited partnership.

1983 a. 173 ; 1989 a. 232 .

                    
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