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§ 4A-503. Allocation of profits and losses

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2012

West's Annotated Code of Maryland
Corporations and Associations
Title 4a. Limited Liability Company Act (Refs & Annos)
Subtitle 5. Finance
Effective: October 1, 2012
MD Code, Corporations and Associations, § 4A-503
§ 4A-503. Allocation of profits and losses
Currentness
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.

Credits

Added by Acts 1992, c. 536. Renumbered from Corporations and Associations § 4A-505 by Acts 1997, c. 659, § 2, eff. Oct. 1, 1997. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.
MD Code, Corporations and Associations, § 4A-503, MD CORP & ASSNS § 4A-503
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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