2005 Minnesota Statutes

     322A.40 Sharing of profits and losses. 

    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 section 322A.05) of the contributions made by each 
 partner to the extent they have been received by the partnership 
 and have not been returned. 

    HIST: 1980 c 582 art 5 s 29; 1986 c 430 s 15