§ 4A-503. Sharing of profits and losses; distributions

Latest version.

   Unless otherwise agreed:

   (1) The profits and losses of a limited liability company shall be allocated among the members in proportion to their respective capital contribution values; and

   (2) Distributions by the limited liability company shall be made to the members in proportion to their right to share in the profits of the limited liability company.

HISTORY: 1992, ch. 536; 1997, ch. 659, § 2; 2012, chs. 599, 600.

                    
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