§ 15905.035
45 words·~1 min read·
/ca/corporations-code/15905-035A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The profits and losses of a limited partnership shall be allocated among the partners in the manner provided in the partnership agreement. If the partnership agreement does not otherwise provide, profits and losses shall be allocated in the same manner as the partners share distributions.