2015 ORS 70.340¹
Distribution of assets

Upon the winding up of a limited partnership, the assets shall be distributed as follows:

(1) To the extent permitted by law, to creditors, including partners who are creditors, in satisfaction of liabilities of the limited partnership other than liabilities for distributions to partners under ORS 70.250 (Entitlement to distributions) or 70.260 (Entitlements of withdrawing partner).

(2) Except as provided in the partnership agreement, to partners and former partners in satisfaction of liabilities for distributions under ORS 70.250 (Entitlement to distributions) or 70.260 (Entitlements of withdrawing partner).

(3) Except as provided in the partnership agreement, to partners as follows:

(a) First, for the return of their contributions; and

(b) Secondly, respecting their partnership interests, in the proportions in which the partners share in distributions. [1985 c.677 §48]


1 Legislative Counsel Committee, CHAPTER 70—Limited Partnerships, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors070.­html (2015) (last ac­cessed Jul. 16, 2016).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.