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Code · Nevada · CHAPTER 88 - UNIFORM LIMITED PARTNERSHIP ACT

NRS 88.485 Distribution of assets among partners.

98 words·~1 min read·/nv/chapter-88-uniform-limited-partnership-act/88-485·

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NRS 88.485 Distribution of assets among partners. Distributions of cash or other assets of a limited partnership must be allocated among the partners, and among classes of partners, in the manner provided in writing in the partnership agreement. If the partnership agreement does not so provide in writing, distributions must be made on the basis of the value, as stated in the partnership records required to be kept pursuant to NRS 88.335 , of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.
DISTRIBUTIONS AND WITHDRAWAL
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