Wyoming Statutes
§ 17-14-603 — Sharing of profits and losses
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 14 LIMITED PARTNERSHIPS·Art. 6 FINANCE
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 W.S. 17-14-206) of the contributions made by each
partner to the extent they have been received by the partnership
and have not been returned.
Free access — add to your briefcase to read the full text and ask questions with AI
Wyoming § 17-14-603 (Sharing of profits and losses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 17-14-1001
Law governing§ 17-14-1002
Registration§ 17-14-1003
Issuance of registration§ 17-14-1004
Name§ 17-14-1005
Changes and amendments§ 17-14-1006
Cancellation of registration§ 17-14-1007
Transaction of business without registration§ 17-14-1008
Action by secretary of state§ 17-14-1009
Applicability of other provisions§ 17-14-101
Repealed by Laws 1979, ch. 153, § 3§ 17-14-1010
Continuance of a foreign limited partnership§ 17-14-1012
Execution of application§ 17-14-1013
Issuance of certificate of continuance§ 17-14-1014
Effect of certification