Ohio § 1782.29 Allocation of profits and losses

Ohio Statutes

§ 1782.29 — Allocation of profits and losses

Ohio § 1782.29

Title 17Corporations-Partnerships

Ch. 1782Limited Partnerships

This text of Ohio § 1782.29 (Allocation of profits and losses) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1782.29 (2026).

Text

The profits, losses, income, gains, deductions, credits, or similar items of a limited partnership shall be allocated among the partners and classes of partners in the manner provided in writing in the partnership agreement. If the partnership agreement does not so provide in writing, such allocations shall be made on the basis of the value, as stated in the partnership records required to be kept pursuant to section1782.05of the Revised Code, 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, losses, income, gains, deductions, credits, or similar items of a limited partnership shall be allocated among the partners and classes of partners in the manner provided in writing in the partnership agreement. If the partnership agreement does not so provide in writing, such allocations shall be made on the basis of the value, as stated in the partnership records required to be kept pursuant to section1782.05of the Revised Code, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.