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 the partnership agreement. If the partnership agreement does not so provide, distributions shall be made 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, § 9824, 9848; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 545.19, 545.43; 82 Acts, ch 1103, § 504]
C93, § 487.504
Iowa General Assembly
Search: Iowa Code 1997
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