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2019 Maryland Code
Corporations and Associations
Title 4A - Limited Liability Company Act
Subtitle 5 - Finance
§ 4A-503. Sharing of profits and losses; distributions
Universal Citation: MD Corp & Assn Code § 4A-503 (2019)
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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