Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The interest that each partner has in the assets of the partnership, under the partnership agreement, is equal to the percentage in subsection (2).
(2) The percentage is the percentage that, if the capital of the company were distributed to its * shareholders on a winding - up of the company at the end of the income year, the partner, as a shareholder, could reasonably be expected to receive of the total distribution.