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Arkansas Code of 1987 (2023)
Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105)
Subtitle 4 - PARTNERSHIPS (§§ 4-42-101 — 4-47-1302)
Chapter 47 - UNIFORM LIMITED PARTNERSHIP ACT (2001)
Subchapter 5 - CONTRIBUTIONS AND DISTRIBUTIONS (§§ 4-47-501 — 4-47-509)
Section 4-47-503 - Sharing of distributions
Universal Citation:
AR Code § 4-47-503 (2023)
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A distribution by a limited partnership must 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.
Acts 2007, No. 15, § 1.
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