Arizona Statutes
§ 29-329 — Sharing 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 as stated in the partnership records required to be kept pursuant to section 29-305 of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.
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Related
Kitchell Corporation v. Hermansen
446 P.2d 934 (Court of Appeals of Arizona, 1968)
Hullett v. Cousin
32 P.3d 44 (Court of Appeals of Arizona, 2001)
Nearby Sections
15
§ 29-1001
Definitions§ 29-1002
Knowledge and notice§ 29-1004
Supplemental principles of law§ 29-1006
Law governing internal relations§ 29-1011
Partnership as entity§ 29-1012
Formation of partnership§ 29-1013
Partnership property§ 29-1021
Partner agent of partnership§ 29-1022
Transfer of partnership property