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Partnership | |
Utah Revised Uniform Limited Partnership Act | |
Section 504 | Sharing of distributions. |
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48-2a-504 (Repealed 07/01/12). Sharing of distributions. Distributions of cash or other assets of a limited partnership shall be made among the partners and among classes of partners in the manner provided in writing in the partnership agreement. If the partnership agreement does not provide in writing, distributions shall be made on the basis of the value, as stated in the partnership records required to be kept pursuant to Section 48-2a-105, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.
Amended by Chapter 189, 1991 General Session |
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