Kansas § 56-1a304 Allocation of distributions of cash or other assets

Kansas Statutes

§ 56-1a304 — Allocation of distributions of cash or other assets

Kansas § 56-1a304

Ch. 56PARTNERSHIPS

Art. 1aREVISED UNIFORM LIMITED PARTNERSHIP ACT

This text of Kansas § 56-1a304 (Allocation of distributions of cash or other assets) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 56-1a304 (2026).

Text

Distributions of cash or other assets 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 provide for distributions, distributions shall be made on the basis of the 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 partnership and have not been returned.

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Distributions of cash or other assets 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 provide for distributions, distributions shall be made on the basis of the 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 partnership and have not been returned.