N.M. Stat. § 54-2A-506

Distribution in kind.

Last amended: 2007Year: 2026Length: 68 wordsOfficial source
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 B of Section 809 [54-2A- 809 NMSA 1978] of the Uniform Revised Limited Partnership Act, 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.
N.M. Stat. § 54-2A-506: Distribution in kind. | Justis AI