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 section 487.105, 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
97 Acts, ch 188, § 32
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