Distributions of cash or other assets of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in the partnership agreement. Unless otherwise provided in the partnership agreement, distributions shall be made on the basis of the sharing of profits and losses.
Md. Code Ann., Corps. & Ass'ns § 10-504
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.