Georgia § 14-9-503 Allocations among partners

Georgia Statutes

§ 14-9-503 — Allocations among partners

Georgia § 14-9-503

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This text of Georgia § 14-9-503 (Allocations among partners) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 14-9-503 (2026).

Text

All deductions, credits, income, gains, losses, and distributions 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, all allocations shall be made on the basis of the amount, as stated in the partnership records required to be kept pursuant to Code Section 14-9-105 , of the contributions made by each partner to the extent that they have been received by the partnership and have not been returned.

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All deductions, credits, income, gains, losses, and distributions 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, all allocations shall be made on the basis of the amount, as stated in the partnership records required to be kept pursuant to Code Section 14-9-105 , of the contributions made by each partner to the extent that they have been received by the partnership and have not been returned.