§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. [PL 2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 543, §C2 (NEW).
Structure Maine Revised Statutes
TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 19: UNIFORM LIMITED PARTNERSHIP ACT
Subchapter 5: CONTRIBUTIONS AND DISTRIBUTIONS
31 §1361. Form of contribution
31 §1362. Liability for contribution
31 §1363. Sharing of distributions
31 §1364. Interim distributions
31 §1365. No distribution on account of dissociation
31 §1366. Distribution in kind
31 §1367. Right to distribution