{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.40.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.40.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.40.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.40.html"}],"law_id":68308,"edition_id":1,"section_id":68308,"structure_id":14983,"section_number":"50-73.40","catch_line":"Distribution in kind","history":"1985, c. 607; 1987, c. 702.","full_text":"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.","order_by":null,"text":{"0":{"id":247115,"text":"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14983,"edition_id":1,"name":"Distributions and Withdrawal","identifier":"6","label":"article","depth":3,"order_by":1,"parent_id":13364,"metadata":{},"date_created":"2026-06-26 03:51:18","date_modified":"2026-06-26 03:51:18","permalink":{"id":234497,"object_type":"structure","relational_id":14983,"identifier":"6","token":"50\/2.1\/6","url":"\/50\/2.1\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13364,"edition_id":1,"name":"Virginia Revised Uniform Limited Partnership Act","identifier":"2.1","label":"chapter","depth":2,"order_by":1,"parent_id":12957,"metadata":{},"date_created":"2026-06-26 03:44:43","date_modified":"2026-06-26 03:44:43","permalink":{"id":234243,"object_type":"structure","relational_id":13364,"identifier":"2.1","token":"50\/2.1","url":"\/50\/2.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12957,"edition_id":1,"name":"Partnerships","identifier":"50","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":234229,"object_type":"structure","relational_id":12957,"identifier":"50","token":"50","url":"\/50\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65326,"structure_id":14983,"section_number":"50-73.36","catch_line":"Interim distributions","url":"\/50-73.36\/","token":"50\/2.1\/6\/50-73.36","metadata":false},{"id":68823,"structure_id":14983,"section_number":"50-73.37","catch_line":"Withdrawal of general partner","url":"\/50-73.37\/","token":"50\/2.1\/6\/50-73.37","metadata":false},{"id":57168,"structure_id":14983,"section_number":"50-73.38","catch_line":"Withdrawal of limited partner","url":"\/50-73.38\/","token":"50\/2.1\/6\/50-73.38","metadata":false},{"id":78156,"structure_id":14983,"section_number":"50-73.39","catch_line":"Repealed","url":"\/50-73.39\/","token":"50\/2.1\/6\/50-73.39","metadata":false},{"id":68362,"structure_id":14983,"section_number":"50-73.39:1","catch_line":"No right to distribution upon withdrawal","url":"\/50-73.39_1\/","token":"50\/2.1\/6\/50-73.39_1","metadata":false},{"id":68308,"structure_id":14983,"section_number":"50-73.40","catch_line":"Distribution in kind","url":"\/50-73.40\/","token":"50\/2.1\/6\/50-73.40","metadata":false},{"id":83754,"structure_id":14983,"section_number":"50-73.41","catch_line":"Right to distribution","url":"\/50-73.41\/","token":"50\/2.1\/6\/50-73.41","metadata":false},{"id":65769,"structure_id":14983,"section_number":"50-73.42","catch_line":"Limitations on distribution","url":"\/50-73.42\/","token":"50\/2.1\/6\/50-73.42","metadata":false},{"id":78147,"structure_id":14983,"section_number":"50-73.43","catch_line":"Liability upon return of contribution","url":"\/50-73.43\/","token":"50\/2.1\/6\/50-73.43","metadata":false}],"previous_section":{"id":68362,"structure_id":14983,"section_number":"50-73.39:1","catch_line":"No right to distribution upon withdrawal","url":"\/50-73.39_1\/","token":"50\/2.1\/6\/50-73.39_1","metadata":false},"next_section":{"id":83754,"structure_id":14983,"section_number":"50-73.41","catch_line":"Right to distribution","url":"\/50-73.41\/","token":"50\/2.1\/6\/50-73.41","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.40\/","history_text":"<p>This law was first created in 1985. The record of its establishment is cataloged in chapter 607 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1985 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1987, chapter 702.<\/p>","references":false,"refers_to":false,"permalink":{"id":234519,"object_type":"law","relational_id":68308,"identifier":"50-73.40","token":"50\/2.1\/6\/50-73.40","url":"\/50-73.40\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.40\/","token":"50\/2.1\/6\/50-73.40","dublin_core":{"Title":"Distribution in kind","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.40","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Except as provided in writing in the <span class=\"dictionary\">partnership agreement<\/span>, a <span class=\"dictionary\">partner<\/span>, regardless of the nature of his <span class=\"dictionary\">contribution<\/span>, has no right to demand and receive any distribution from a <span class=\"dictionary\">limited partnership<\/span> in any form other than cash. Except as provided in the <span class=\"dictionary\">partnership agreement<\/span>, a <span class=\"dictionary\">partner<\/span> may not be compelled to accept a distribution of any asset in kind from a <span class=\"dictionary\">limited partnership<\/span> 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 <span class=\"dictionary\">limited partnership<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nDISTRIBUTION IN KIND (\u00a7 50-73.40)\n\nExcept as provided in writing in the partnership agreement, a partner,\nregardless of the nature of his contribution, has no right to demand and receive\nany distribution from a limited partnership in any form other than cash. Except\nas provided in the partnership agreement, a partner may not be compelled to\naccept a distribution of any asset in kind from a limited partnership to the\nextent that the percentage of the asset distributed to him exceeds a percentage\nof that asset which is equal to the percentage in which he shares in\ndistributions from the limited partnership.\n\nHISTORY: 1985, c. 607; 1987, c. 702.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}