There is a newer version of the Maryland Code
Maryland Corporations and Associations Section 4A-503
§ 4A-503.
  Except as otherwise provided in the operating agreement:
    (1)   The profits and losses of a limited liability company shall be allocated among the members in proportion to their respective capital interests; 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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.