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Terms Used In Vermont Statutes Title 11 Sec. 3232

  • Distribution: means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee. See

§ 3232. Distributions in kind

A partner has no right to receive, and may not be required to accept, a distribution in kind. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)