§ 121-504. Sharing of distributions. 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 the partnership
agreement which may, among other things, establish record dates for
distributions. If the partnership agreement does not so provide,
distributions shall be allocated on the basis of the value, as stated in
the records of the limited partnership, if so stated, of the
contributions, but not including defaulted obligations to make
contributions, of each partner to the extent they have been received by
or promised to the limited partnership and have not been returned.