Statutes, codes, and regulations
Kentucky Revised Statutes
Title 29 - COMMERCE AND TRADEChapter 362 - PARTNERSHIPSSubchapter 362.2 - KENTUCKY UNIFORM LIMITED PARTNERSHIP ACT (2006)
CONTRIBUTIONS AND DISTRIBUTIONS
Section 362.2-503 - Sharing of distributions

Ky. Rev. Stat. § 362.2-503

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Current through 2024 Ky. Acts ch. 225
Section 362.2-503 - Sharing of distributions

A distribution by a limited partnership shall be shared among the partners on the basis of the value, as stated in the required records when the limited partnership decides to make the distribution, of the contributions the limited partnership has received from each partner.

KRS 362.2-503

Effective:7/12/2006
Created 2006, Ky. Acts ch. 149, sec. 131, effective7/12/2006.