Connecticut § 34-20c - Distributions in cash to partner; distributions in kind, when permitted.
Full text of Connecticut Connecticut General Statutes § 34-20c — Distributions in cash to partner; distributions in kind, when permitted., with citation guidance and answers to common questions.
§ 34-20c. Distributions in cash to partner; distributions in kind, when permitted.
Sec. 34-20c. Distributions in cash to partner; distributions in kind, when permitted. Except as provided 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.
(P.A. 79-440, S. 34; P.A. 86-379, S. 14.)
History: P.A. 86-379 changed “certificate of limited partnership” to “partnership agreement”.
See Sec. 34-38b re inapplicability of provisions as amended in P.A. 86-379 to partnerships existing before October 1, 1986.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 34-20c
What does Connecticut General Statutes § 34-20c cover?
Section 34-20c ("Distributions in cash to partner; distributions in kind, when permitted.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 34-20c?
A common citation format is "Connecticut General Statutes § 34-20c" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 34-20c apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.