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.
History: Laws 2007, ch. 129, § 503.
Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.
Structure 2021 New Mexico Statutes
Article 2A - Uniform Revised Limited Partnership Act
Article 5 - Contributions and Distributions
Section 54-2A-501 - Form of contribution.
Section 54-2A-502 - Liability for contribution.
Section 54-2A-503 - Sharing of distributions.
Section 54-2A-504 - Interim distributions.
Section 54-2A-505 - No distribution on account of dissociation.
Section 54-2A-506 - Distribution in kind.
Section 54-2A-507 - Right to distribution.