Corporations Code § 15905.035

ARTICLE 5. Contributions and Distributions

Current as of September 28, 2026Corp. Code, § 15905.035Official source ↗

Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.

The profits and losses of a limited partnership shall be allocated among the partners in the manner provided in the partnership agreement. If the partnership agreement does not otherwise provide, profits and losses shall be allocated in the same manner as the partners share distributions.