2020 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 11 - Limited Liability Companies
Article 4 - Finance
§ 14-11-403. Allocation of Profits and Losses

Universal Citation: GA Code § 14-11-403 (2020)

The profits and losses, and each item thereof, of a limited liability company shall be allocated among the members in the manner provided in the articles of organization or in a written operating agreement.If the articles of organization or a written operating agreement does not so provide, profits and losses, and each item thereof, shall be allocated equally among the members.

(Code 1981, §14-11-403, enacted by Ga. L. 1993, p. 123, § 1.)

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