Sharing of distributions

S.C. Code Ann. § 33-42-840, under Title 33, Chapter 42.

S.C. Code Ann. § 33-42-840

Distributions of cash or other assets 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, distributions shall be made on the basis of the value (as stated in the partnership records required to be kept pursuant to SECTION 33-42-60) of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.