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.
KRS 362.2-503
Sharing of distributions
Known as the Kentucky Uniform Limited Partnership Act
The act spans §§ 362–362 (140 sections).
Effective: July 12, 2006 History: Created 2006 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.