Sec. 153.206. ALLOCATION OF PROFITS AND LOSSES. (a) The profits and losses of a limited partnership shall be allocated among the partners in the manner provided by a written partnership agreement. (b) If a written partnership agreement does not provide for the allocation of profits and losses, the profits and losses shall be allocated: (1) in accordance with the current percentage or other interest in the partnership stated in partnership records of the kind described by Section 153.551 (a); or (2) if the allocation of profits and losses is not provided for in partnership records of the kind described by Section 153.551 (a), in proportion to capital accounts.
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