§ 10-504. Sharing of distributions
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 10-504
§ 10-504. Sharing of distributions
Distributions of cash or other assets of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in the partnership agreement. Unless otherwise provided in the partnership agreement, distributions shall be made on the basis of the sharing of profits and losses.
Credits
Added by Acts 1981, c. 801, § 2.
MD Code, Corporations and Associations, § 10-504, MD CORP & ASSNS § 10-504
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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