---
title: O.C.G.A. § 14-9-503. Allocations among partners.
collection: code
id: 14-9-503
cite_as: O.C.G.A. § 14-9-503 (2025)
canonical_url: https://georgiacommons.org/code/14-9-503
md_url: https://georgiacommons.org/code/14-9-503.md
text_url: https://georgiacommons.org/code/14-9-503/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-2017-pdf.pdf?sfvrsn=507372ea_0#page=1015
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/14-9.md
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS / REVISED UNIFORM LIMITED PARTNERSHIP ACT / FINANCE
---

# O.C.G.A. § 14-9-503. Allocations among partners.

All deductions, credits, income, gains, losses, and distributions 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, all allocations shall be made on the basis of the amount, as stated in the partnership records required to be kept pursuant to Code Section 14-9-105, of the contributions made by each partner to the extent that they have been received by the partnership and have not been returned.

## History

Code 1981, § 14-9-503, enacted by Ga. L. 1988, p. 1016, § 1.