Maryland Corporations and Associations Section 4A-503

Article - Corporations and Associations

§ 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.



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