Sharing of distributions.

  1. Law
  2. New Mexico Statutes
  3. Partnerships
  4. Uniform Revised Limited Partnership Act
  5. Contributions and Distributions
  6. Sharing of distributions.

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A distribution by a limited partnership must be shared among the partners on the basis of the value, as stated in the required records when the limited partnership decides to make the distribution, of the contributions the limited partnership has received from each partner.

History: Laws 2007, ch. 129, § 503.

ANNOTATIONS

Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.


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