Section 121-504. Sharing of distributions

Distributions of cash or other
  assets of a limited partnership shall be allocated among  the  partners,
  and among classes of partners, in the manner provided in the partnership
  agreement  which  may,  among  other  things, establish record dates for
  distributions.   If the  partnership  agreement  does  not  so  provide,
  distributions shall be allocated on the basis of the value, as stated in
  the   records   of  the  limited  partnership,  if  so  stated,  of  the
  contributions,  but  not  including  defaulted   obligations   to   make
  contributions,  of each partner to the extent they have been received by
  or promised to the limited partnership and have not been returned.