South Dakota Statutes
§ 48-7-504 — Sharing of distributions.
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 writing in the partnership agreement. If the partnership agreement does not so provide in writing, distributions shall be made on the basis of the value, as stated in the partnership records required to be kept pursuant to § 48-7-105 , 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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South Dakota § 48-7-504 (Sharing of distributions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Campion v. Parkview Apartments
1999 SD 10 (South Dakota Supreme Court, 1999)
Legislative History
SL 1986, ch 391, § 504.
Nearby Sections
15
§ 48-7-1001
Right of action.§ 48-7-1002
Proper plaintiff.§ 48-7-1003
Pleading.§ 48-7-1004
Expenses.§ 48-7-101
Definitions.§ 48-7-102
Name.§ 48-7-103
Reservation of name.§ 48-7-104
Specified office and agent.§ 48-7-105
Records to be kept.§ 48-7-106
Nature of business.§ 48-7-1101
Construction and application.§ 48-7-1102
Short title.§ 48-7-1103
Severability.