2012 Utah Code
Title 48 - Partnership
Article 2c - Utah Revised Limited Liability Company Act
Section 1001 - Allocation of current distributions.
Except as otherwise provided in the operating agreement, current distributions of profits and gains of a company shall be in the form of cash. Current distributions shall be allocated among the members in the manner provided in the operating agreement. If the operating agreement does not otherwise provide, current distributions shall be allocated among the members in proportion to the members' capital account balances as of the beginning of the company's current fiscal year.
Enacted by Chapter 260, 2001 General Session
Repealed by Chapter 353, 2011 General Session
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