§ 10–504
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 10-504 (2026)
Title 10. Limited Partnership Act
Subtitle 5. Finance
§ 10–504LinkCopy Citation
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 the partnership agreement. Unless otherwise provided in the partnership agreement, distributions shall be made on the basis of the sharing of profits and losses.