1998 Florida Code
TITLE XXXVI BUSINESS ORGANIZATIONS
Chapter 608 Limited Liability Companies
608.4261 Sharing of profits and losses.
608.4261 Sharing of profits and losses.--The profits and losses of the limited liability company shall be allocated among the members in the manner provided in the articles of organization or the regulations. If the articles of organization or the regulations do not provide for the allocation of profits and losses among members, profits and losses shall be allocated on the basis of each member's relative capital account.
History.--s. 30, ch. 93-284.
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