Connecticut Statutes
§ 34-20a — Sharing of profits and losses by partners.
Connecticut·Title 34 Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts·Ch. 610 Uniform Limited Partnership Act
The profits and losses of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in the partnership agreement. If the partnership agreement does not so provide, profits and losses shall be allocated on the basis of the value, as stated in the partnership agreement, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned. See Sec. 34-38b re inapplicability of provisions as amended by P.A. 86-379 to partnerships existing before October 1, 1986.
Free access — add to your briefcase to read the full text and ask questions with AI
Connecticut § 34-20a (Sharing of profits and losses by partners.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 79-440, S. 28; P.A. 86-379, S. 12.) History: P.A. 86-379 substituted “partnership agreement” for “certificate of limited partnership”.
Nearby Sections
15
§ 34-10a
Execution of certificates.§ 34-10b
Filing requirements.§ 34-10c
Notice.§ 34-13
Name.§ 34-13a
Reservation of name.§ 34-13c
Records to be kept.§ 34-13e
Annual report.