§ 10-503. Sharing of profits and losses
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 10-503
§ 10-503. Sharing of profits and losses
The profits and losses of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in the partnership agreement. If the partnership agreement does not so provide, profits and losses shall be allocated on the basis of the value of the contributions of each partner.
Credits
Added by Acts 1981, c. 801, § 2. Amended by Acts 1983, c. 507.
MD Code, Corporations and Associations, § 10-503, MD CORP & ASSNS § 10-503
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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