Florida Statutes
§ 620.1503 — Sharing of profits, losses, and distributions
Florida § 620.1503
This text of Florida § 620.1503 (Sharing of profits, losses, and distributions) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Fla. Stat. § 620.1503 (2026).
Text
(1)Profits and losses of a limited partnership shall be allocated among the partners on the basis of the value, as stated in the required records when the limited partnership makes the allocations, of the contributions the limited partnership has received from each partner.
(2)Distributions by a limited partnership shall be shared by the partners on the basis of the value, as stated in the required records when the limited partnership decides to make the distribution, of the contributions the limited partnership has received from each partner.
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Legislative History
s. 17, ch. 2005-267.
Nearby Sections
15
§ 620.1101
Popular name§ 620.1102
Definitions§ 620.1103
Knowledge and notice§ 620.1104
Nature, purpose, and duration of entity§ 620.1105
Powers§ 620.1106
Governing law§ 620.1108
Name§ 620.11085
Reserved name§ 620.1109
Department of State; fees§ 620.1111
Required information§ 620.1113
Dual capacityCite This Page — Counsel Stack
Bluebook (online)
Florida § 620.1503, Counsel Stack Legal Research, https://law.counselstack.com/statute/fl/620.1503.