2012 Utah Code
Title 48 - Partnership
Article 2a - Utah Revised Uniform Limited Partnership Act
Section 804 - 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.

Amended by Chapter 189, 1991 General Session

Repealed by Chapter 353, 2011 General Session