Vermont Code § 11 V.S.A. § 3443

Sharing of profits and losses
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§ 3443. Sharing of profits and losses
The profits and losses 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, profits and
losses shall be allocated on the basis of the value, as stated in the partnership
records required to be kept pursuant to section 3405 of this title, of the contributions made by each partner to the extent they have been received
by the partnership and have not been returned.

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