Section 488.503 - Sharing of distributions.

IA Code § 488.503 (2019) (N/A)
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488.503 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 information when the limited partnership decides to make the distribution, of the contributions the limited partnership has received from each partner.

2004 Acts, ch 1021, §45, 118