2010 Rhode Island Code
Title 7 Corporations, Associations and Partnerships
CHAPTER 7-16 The Rhode Island Limited Liability Company Act
§ 7-16-26 Sharing of profits and losses.


§ 7-16-26 Sharing of profits and losses. – Unless otherwise provided in the articles of organization or the operating agreement, the profits and losses of a limited liability company shall be allocated to each member on the basis of the member's capital value.
History of Section.
(P.L. 1992, ch. 280, § 1.)

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