ORS § 70.235

Current through 2024 Regular Session legislation effective June 6, 2024
Section 70.235 - Allocation of profits and losses

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 of the contributions made by each partner, as stated in the partnership records required to be kept pursuant to ORS 70.050, to the extent they have been received by the partnership and have not been returned.

ORS 70.235

1985 c.677 §30; 1987 c.543 §20