California Legal Codes and Statutes

§ 15905.03

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

A distribution by a limited partnership must be shared among the partners on the basis of the value, as stated in the required records when the limited partnership decides to make the distribution, of the contributions the limited partnership has received from each partner.

Cite this section

Cal. Corp. Code § 15905.03 (2026)
https://ca.codecond.com/codes/corp/title-2-partnerships/chapter-4-5-uniform-limited-partnership-act-of-2008/article-5-contributions-and-distributions/section-15905.03

Other sections in Article 5 - Contributions and Distributions

§ 15905.01§ 15905.02§ 15905.03§ 15905.035§ 15905.04§ 15905.05§ 15905.06§ 15905.07§ 15905.08§ 15905.09

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