Corp. Code, § 16402 · Article 4. Relations of Partners to Each Other and to Partnership

Corp. Code, § 16402

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

A partner has no right to receive, and may not be required to accept, a distribution in kind.

Notes and commentary — not statutory text

History

Added by Stats. 1996, Ch. 1003, Sec. 2. Effective January 1, 1997.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP&sectionNum=16402.
Text hash: sha256 17fe308080472c0ad729d83f8f0c1be431729d1e861b58ac87b14958e69c98ee
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.