Delaware Statutes
§ 17-503 — Allocation of profits and losses
Delaware § 17-503
This text of Delaware § 17-503 (Allocation of profits and losses) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Del. Code tit. 6, § 17-503 (2026).
Text
The profits and losses of a limited partnership shall be allocated among the partners, and among classes or groups 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 agreed value (as stated in the records of the limited partnership) of the contributions made by each partner to the extent they have been received by the limited partnership and have not been returned.
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Legislative History
6 Del. C. 1953, § 1723; 59 Del. Laws, c. 105, § 1 ; 63 Del. Laws, c. 420, § 1 ; 65 Del. Laws, c. 188, § 1
Nearby Sections
15
§ 17-1001
Right to bring action§ 17-1002
Proper plaintiff§ 17-1003
Complaint§ 17-1004
Expenses§ 17-101
Definitions§ 17-102
Name set forth in certificate§ 17-103
Reservation of name§ 17-108
IndemnificationCite This Page — Counsel Stack
Bluebook (online)
Delaware § 17-503, Counsel Stack Legal Research, https://law.counselstack.com/statute/de/6/17-503.