Oregon Revised Statutes Chapter 70 § 70.235 — Allocation of profits and losses
Oregon Revised Statutes Chapter 70 ·
Oregon Code § 70.235·Enacted ·Last updated March 01, 2026
Statute Text
Allocation of profits and losses.
The profits and losses 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, profits and losses shall be allocated on the basis of the value of the
contributions made by each partner, as stated in the partnership records
required to be kept pursuant to ORS 70.050, to the extent they have been
received by the partnership and have not been returned. [1985 c.677 §30; 1987
c.543 §20]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 70.235
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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