Ca_Law

statute | California

Corporations Code - CORP - CORP § 15905.035

Summary

The profits and losses of a limited partnership shall be allocated among the partners in the manner provided in the partnership agreement. If the partnership agreement does not otherwise provide, profits and losses shall be allocated in the same manner as the partners share distr

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  • #1 | Corporations Code - CORP - CORP § 15905.035

    The profits and losses of a limited partnership shall be allocated among the partners in the manner provided in the partnership agreement. If the partnership agreement does not otherwise provide, profits and losses shall be allocated in the same manner as the partners share distributions.