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Connecticut General Statutes 34-20b - Distributions and allocation of cash or other assets to partners

Connecticut General Statutes > Title 34 > Chapter 610 > § 34-20b - Distributions and allocation of cash or other assets to partners


Current as of: 2009

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. If the partnership agreement does not so provide, distributions shall be made on the basis of the value, as stated in the partnership agreement, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.

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