Revised Code of Washington - RCW Title 25 Partnerships - Section 25.10.300 Sharing of distributions

§ 25.10.300. 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. If the partnership agreement does not so provide, distributions shall be made on the basis of the value, as stated in the partnership agreement or, if not stated therein, in the limited partnership records required to be kept pursuant to RCW 25.10.050(5), of the contributions made by each partner to the extent they have been received by the limited partnership and have not been returned.

[1987 c 55 § 23; 1981 c 51 § 30.]

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Last modified: April 7, 2009