                                 CODE OF VIRGINIA

SHARING OF DISTRIBUTIONS (§ 50-73.35)

Distributions of cash or other assets 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, distributions shall be made on the basis of the
value, as stated in the partnership records required to be kept pursuant to §
50-73.8, of the contributions made by each partner to the extent they have been
received by the partnership and have not been returned.

HISTORY: 1985, c. 607; 1987, c. 702.