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.
Ark. Code Ann. § 4-47-503
Sharing of distributions
Known as the Uniform Limited Partnership Act
The act spans §§ 4–4 (110 sections).
Acts 2007, No. 15, § 1.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.