Oregon Revised Statutes Chapter 70 § 70.240 — Allocation of distributions of assets
Oregon Revised Statutes Chapter 70 ·
Oregon Code § 70.240·Enacted ·Last updated March 01, 2026
Statute Text
Allocation of distributions of assets.
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 writing in the partnership agreement. If the partnership agreement
does not so provide in writing, distributions shall be made 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 §31;
1987 c.543 §21]
DISTRIBUTION AND
WITHDRAWAL
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 70.240
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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