29-347. Distribution of assets
Upon the winding up of a limited partnership, the assets shall be distributed as
follows:
1. To creditors, including partners who are creditors, to the extent permitted by
law, in satisfaction of liabilities of the limited partnership other than liabilities for
distributions to partners under section 29-331 or 29-334;
2. Except as provided in the partnership agreement, to partners and former partners
in satisfaction of liabilities for distributions under section 29-331 or 29-334; and
3. Except as provided in the partnership agreement, to partners first for the
return of their contributions and secondly respecting their partnership interests, in the
proportions in which the partners share in distributions.
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