2011 Utah Code
Title 48 Partnership
Chapter 2a Utah Revised Uniform Limited Partnership Act
Section 804 (Repealed 07/01/12) Distribution of assets.

48-2a-804 (Repealed 07/01/12). Distribution of assets.
Upon the winding up of a limited partnership, the assets shall be distributed as follows:
(1) to creditors, including partners who are creditors, to the extent permitted by law, in satisfaction of liabilities of the limited partnership other than liabilities for distributions to partners under Section 48-2a-601 or 48-2a-604;
(2) except as provided in the partnership agreement, to partners and former partners in satisfaction of liabilities for distributions under Section 48-2a-601 or 48-2a-604; and
(3) except as provided in the partnership agreement, to partners with respect to their partnership interests:
(a) for the return of their contributions; and
(b) in the proportions in which the partners share in distributions.