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2020 Wyoming Statutes
Title 17 - Corporations, Partnerships and Associations
Chapter 14 - Limited Partnerships
Article 6 - Finance
Section 17-14-603 - Sharing of Profits and Losses.
Universal Citation:
WY Stat § 17-14-603 (2020)
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17-14-603. Sharing of profits and losses.
The profits and losses 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, profits and losses shall be allocated on the basis of the value (as stated in the partnership records required to be kept pursuant to W.S. 17-14-206) of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.
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