Statutes, codes, and regulations
General Statutes of Connecticut
Title 34 - LIMITED PARTNERSHIPS, PARTNERSHIPS, PROFESSIONAL ASSOCIATIONS, LIMITED LIABILITY COMPANIES AND STATUTORY TRUSTS
Chapter 610 - UNIFORM LIMITED PARTNERSHIP ACT
Section 34-20b - Distributions and allocation of cash or other assets to partners

Conn. Gen. Stat. § 34-20b

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Current with legislation from the 2024 Regular and Special Sessions.
Section 34-20b - Distributions and allocation of cash or other assets to partners

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. If the partnership agreement does not so provide, distributions shall be made on the basis of the value, as stated in the partnership agreement, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.

Conn. Gen. Stat. § 34-20b

(P.A. 79-440, S. 29; P.A. 86-379, S. 13.)

See Sec. 34-38b re inapplicability of provisions as amended by P.A. 86-379 to partnerships existing before October 1, 1986.