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2017 Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 23 - Limited Partnerships
§ 3444 Sharing of distributions
Universal Citation: 11 V.S.A. § 3444
§ 3444. Sharing of distributions
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 3405 of this title, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)
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