Alaska § 32.11.220 - Sharing of profits and losses.
Full text of Alaska Alaska Statutes § 32.11.220 — Sharing of profits and losses., with citation guidance and answers to common questions.
§ 32.11.220. 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 specify the allocation in writing, profits and losses shall be allocated on the basis of the value, as stated in the partnership records required to be kept under AS 32.11.840 , of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 32.11.220
What does Alaska Statutes § 32.11.220 cover?
Section 32.11.220 ("Sharing of profits and losses.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 32.11.220?
A common citation format is "Alaska Statutes § 32.11.220" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 32.11.220 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.