Nevada § 88.510 - Distribution in kind
Full text of Nevada Nevada Revised Statutes § 88.510 — Distribution in kind, with citation guidance and answers to common questions.
§ 88.510. Distribution in kind
Except as provided in writing in the partnership agreement, a partner, regardless
of the nature of the partner’s contributions, has no right to demand and receive any
distribution from a limited partnership in any form other than cash. Except as provided in writing 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 the partner exceeds
a percentage of that asset which is equal to the percentage in which the partner shares
in distributions from the limited partnership.
Frequently Asked Questions About Nevada § 88.510
What does Nevada Revised Statutes § 88.510 cover?
Section 88.510 ("Distribution in kind") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. 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 Nevada § 88.510?
A common citation format is "Nevada Revised Statutes § 88.510" (Nevada). 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 Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 88.510 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada 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 Nevada.