2010 Georgia Code 14-9-503 Case Law
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One Click Case Law for § 14-9-503
O.C.G.A. § 14-9-502 <-- --> O.C.G.A. §14-9-601



2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 9 - REVISED UNIFORM LIMITED PARTNERSHIP ACT
ARTICLE 5 - FINANCE
§ 14-9-503 - Allocations among partners

O.C.G.A. 14-9-503 (2010)
14-9-503. Allocations among partners


All deductions, credits, income, gains, losses, and distributions 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, all allocations shall be made on the basis of the amount, as stated in the partnership records required to be kept pursuant to Code Section 14-9-105, of the contributions made by each partner to the extent that they have been received by the partnership and have not been returned.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com