Corporations Code section 15905.035

The profits and losses of a limited partnership shall be allocated among the partners in the manner provided in the partnership agreement. If the partnership agreement does not otherwise provide, profits and losses shall be allocated in the same manner as the partners share distributions.

Source: Section 15905.035, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=15905.035. (updated Jan. 1, 2007; accessed Jun. 30, 2025).

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Up to date

Verified:
Jun. 30, 2025

§ 15905.035's source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_15905.035

Original Source: Section 15905.035, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=15905.035. (last accessed May 12, 2025).