2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 4A-503 - Sharing of profits and losses; distributions


MD Corp & Assn Code § 4A-503 (2013) What's This?

Unless otherwise agreed:

(1) The profits and losses of a limited liability company shall be allocated among the members in proportion to their respective capital contribution values; 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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