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The Florida Senate

2004 Florida Statutes

Section 620.137, Florida Statutes 2004

620.137  Sharing of profits and losses.--The profits and losses of a limited partnership must 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, profits and losses must be allocated on the basis of the value, as stated in the partnership records required to be kept pursuant to s. 620.106, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.

History.--s. 31, ch. 86-263.