The profits and losses of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in the partnership agreement. If the partnership agreement does not so provide, profits and losses shall be allocated on the basis of the value of the contributions of each partner.
Md. Code Ann., Corps. & Ass'ns § 10-503
Known as the Maryland Revised Uniform Limited Partnership Act
The act spans §§ 10–10 (88 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.