S.L. 370.53 Art. 30Distribution of assets upon dissolution.

Upon the dissolution of a Special Limited Partnership

Fund, the assets shall be distributed in the following order:

(a) firstly, to creditors other than partners, to the extent otherwise permitted by law, in satisfaction of debts attributable to the Special Limited Partnership Fund, according to their priority and ranking as regulated by law;

(b) secondly, to limited partners who are creditors and who are not also general partners, to the extent otherwise permitted by law, in satisfaction of debts attributable to the Special Limited Partnership Fund other than debts described in paragraph (c), according to their priority and ranking as regulated by law;

(c) finally, subject to the provisions of the Partnership Agreement, to partners as follows:

(i) firstly, to limited partners for the return of their contributions or, where appropriate, for the release of their obligations to make contributions;

(ii) secondly, to limited partners for their share of the profits on their contribution;

(iii) thirdly, to general partners other than for capital and profits;

(iv) fourthly, to general partners in respect of capital; PARTNERSHIP FUNDS)

(v) finally, to general partners in respect of profits.