2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 4A-503 - Sharing of profits and losses; distributions
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.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.