The profits and losses of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in the partnership agreement. If the partnership agreement does not so provide, profits and losses shall be allocated on the basis of the value, as stated in the certificate of limited partnership, of the contributions made by each partner to the extent the contributions have been received by the partnership and have not been returned.
[C24, 27, 31, 35, 39, § 9818; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 545.13; 82 Acts, ch 1103, § 503]
C93, § 487.503
Iowa General Assembly
Search: Iowa Code 1997
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