West Virginia § 47-9-30 Sharing of distributions

West Virginia Statutes

§ 47-9-30 — Sharing of distributions

West Virginia § 47-9-30

Ch. 47REGULATION OF TRADE

Art. 9UNIFORM LIMITED PARTNERSHIP ACT

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Bluebook

W. Va. Code § 47-9-30 (2026).

Text

Distributions of cash or other assets of a limited partnership shall be allocated among the partners and classes of partners in the manner provided in the partnership agreement. If the partnership agreement does not so provide, distributions shall be made on the basis of the value, as stated in the partnership records required to be kept by section five of this article, 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 classes of partners in the manner provided in the partnership agreement. If the partnership agreement does not so provide, distributions shall be made on the basis of the value, as stated in the partnership records required to be kept by section five of this article, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.