488.503 Sharing of distributions.
50 words·~1 min read·
/ia/chapter-488-uniform-limited-partnership-act/488-503·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A distribution by a limited partnership must be shared among the partners on the basis of the value, as stated in the required information when the limited partnership decides to make the distribution, of the contributions the limited partnership has received from each partner.
2004 Acts, ch 1021, §45, 118