New Hampshire § 304-B:29 Sharing of Profits and Losses

New Hampshire Statutes

§ 304-B:29 — Sharing of Profits and Losses

New Hampshire § 304-B:29

Title XXVIIIPARTNERSHIPS

Ch. 304-BUNIFORM LIMITED PARTNERSHIP ACT

SubdivisionFinance

This text of New Hampshire § 304-B:29 (Sharing of Profits and Losses) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 304-B:29 (2026).

Text

The profits and losses 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, profits and losses shall be allocated on the basis of the value as stated in the partnership records required to be kept pursuant to RSA 304-B:5, 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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The profits and losses 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, profits and losses shall be allocated on the basis of the value as stated in the partnership records required to be kept pursuant to RSA 304-B:5, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.