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.
Minn. Stat. § 321.0503
SHARING OF DISTRIBUTIONS.
Known as the Uniform Limited Partnership Act
The act spans §§ 321–321 (112 sections).
2004 c 199 art 5 s 45
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.