Can a Limited Partnership Agreement Provide for a Different Distribution

question 48

Multiple Choice

Can a limited partnership agreement provide for a different distribution priority than set out in the Revised Uniform Limited Partnership Act?

• A) Yes; any differences are permitted so long as agreed to by all partners.
• B) Yes; any differences are permitted so long as agreed to by the general partners.
• C) Yes; so long as creditors retain their top priority.
• D) No; differences are never permitted.
• E) No; except for differences that benefit the limited partners.

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