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.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
This section is referenced in § 29-705.08.
Uniform Law: This section is based on § 503 of the Uniform Limited Partnership Act (2001 Act).
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 7 - Limited Partnerships
Subchapter V - Contributions and Distributions
§ 29–705.01. Form of contribution
§ 29–705.02. Liability for contributions
§ 29–705.03. Sharing of distributions
§ 29–705.04. Interim distributions
§ 29–705.05. No distribution on account of dissociation
§ 29–705.06. Distribution in kind
§ 29–705.07. Right to distribution