Colorado Statutes
§ 7-62-503 — 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 7-62-105) of the contributions made by each partner.
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Legislative History
Source: L. 81: Entire article added, p. 456, � 1, effective November 1. L. 86: Entire section amended, p. 456, � 23, effective July 1.
Nearby Sections
15
§ 7-101-101
Short title§ 7-101-102
Reservation of power to amend or repeal§ 7-101-201
Filing requirements§ 7-101-401
General definitions§ 7-101-501
Short title§ 7-101-504
Nonprofit corporations§ 7-101-506
Duties of directors§ 7-101-507
Benefit report - definition§ 7-101-509
No effect on other corporations§ 7-102-101
Incorporators§ 7-102-102
Articles of incorporation§ 7-102-103
Incorporation