2011 Missouri Revised Statutes
TITLE XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 359 Uniform Limited Partnership Law
Section 359.311. Sharing of distributions.
Sharing of distributions.
359.311. 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 writing in the partnership agreement. If the partnership agreement does not so provide in writing, distributions shall be made on the basis of the value (as stated in the partnership records required to be kept pursuant to section 359.051) of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.
(L. 1985 H.B. 512 & 650, A.L. 1990 H.B. 1432)
Annotation Copyright Missouri Joint Committee on Legislative Research
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