There is a newer version
of
this Section
2018 Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-16 The Rhode Island Limited-Liability Company Act
Section 7-16-27 Sharing of distributions.
Universal Citation: RI Gen L § 7-16-27 (2018)
§ 7-16-27. Sharing of distributions.
Unless otherwise provided in the articles of organization or operating agreement, distributions of cash or other assets of a limited-liability company shall be allocated to each member on the basis of the member's capital value.
History of Section.
(P.L. 1992, ch. 280, § 1.)
Disclaimer: These codes may not be the most recent version. Rhode Island 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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
