Statute · California Corporations Code
Cal. Corp. Code § 15905.035 — Contributions and Distributions
Cal. Corp. Code § 15905.035
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Date
- 2007-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The profits and losses of a limited partnership shall be allocated among the partners in the manner provided in the partnership agreement. If the partnership agreement does not otherwise provide, profits and losses shall be allocated in the same manner as the partners share distributions.
Citator
Cal. Corp. Code § 15905.035 — Contributions and Distributions is in force in the current edition of the Code, and nothing recorded condemns it.
The profits and losses of a limited partnership shall be allocated among the partners in the manner provided in the partnership agreement. If the partnership agreement does not otherwise provide, profits and losses shall be allocated in the same manner as the partners share distributions.