Ky. Rev. Stat. § 362.459
Current through 2024 Ky. Acts ch. 225
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 writing in the partnership agreement. If the partnership agreement does not so provide in writing, distributions shall be made on the basis of the value, as stated in the partnership records required to be kept pursuant to KRS 362.409, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.
KRS 362.459
Repeal the prior repeal contained in 2006, Ky. Acts ch. 149, sec. 239, which was to have been effective 1/1/2008, 2007, Ky. Acts ch. 137, sec. 180, effective6/26/2007. -- Repealed 2006, Ky. Acts ch. 149, sec. 239, effective 1/1/2008. -- Created 1988 Ky. Acts ch. 284, sec. 30, effective 7/15/1988.