§ 7-13-30 - Sharing of distributions. - Rhode Island Statutes

SECTION 7-13-30

   § 7-13-30  Sharing of distributions. –Distributions of cash or other assets of a limited partnership shall beallocated among the partners, and among classes of partners, in the mannerprovided in the partnership agreement. If the partnership agreement does notprovide for allocation, distributions shall be made on the basis of the value,as stated in the partnership records required to be kept pursuant to §7-13-5, of the contributions made by each partner to the extent they have beenreceived by the partnership and have not been returned.