Ala. Code § 10A-8A-4.07
Current through the 2024 Regular Session.
A partner does not have a right to demand and receive a distribution from a partnership in any form other than money. Except as otherwise provided in Section 10A-8A-8.07, a partnership may distribute an asset in kind if each partner receives a percentage of the asset in proportion to the partner's share of distributions.
Ala. Code § 10A-8A-4.07 (1975)