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MAINE STATUTES AND CODES
31 §1363. Sharing of distributions
Title 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 19: UNIFORM LIMITED PARTNERSHIP ACT HEADING: PL 2005, C. 543, PT. C, §2 (NEW)
Subchapter 5: CONTRIBUTIONS AND DISTRIBUTIONS HEADING: PL 2005, C. 543, PT. C, §2 (NEW)
§1363. Sharing of distributions
A distribution by a limited partnership must 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. [2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY
2005, c. 543, §C2 (NEW).