Md. Code, Corporations and Associations § 10-503
This is the official text of Md. Code, Corporations and Associations § 10-503, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§10–503.
Official statutory text
The profits and losses 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, profits and losses shall be allocated on the basis of the value of the contributions of each partner.
Status: in_force · Read it on the official government site
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