{"code":"CORP","codeName":"Corporations Code","section":"15905.06","citation":"Corp. Code, § 15905.06","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 2. PARTNERSHIPS [15800. - 16962.]","url":"https://blackletter.si/corporations-code/title-2"},{"name":"CHAPTER 4.5. Uniform Limited Partnership Act of 2008 [15900. - 15912.07.]","url":"https://blackletter.si/corporations-code/title-2/chapter-4.5"},{"name":"ARTICLE 5. Contributions and Distributions [15905.01. - 15905.09.]","url":"https://blackletter.si/corporations-code/title-2/chapter-4.5/article-5"}],"history":"Amended by Stats. 2007, Ch. 130, Sec. 44.   Effective January 1, 2008.","effective":"2008-01-01","html":"<p>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 subdivision (b) of Section <a href=\"/corp/15908.09\">15908.09</a>, 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.</p>","text":"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 subdivision (b) of Section 15908.09, 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.","otherVersions":[],"url":"https://blackletter.si/corporations-code/contributions-and-distributions-15905-06","source":"California Legislative Information bulk export (pubinfo)"}