Sharing of profits and losses; distributions

  1. Law
  2. Maryland Code
  3. Corporations and Associations
  4. Limited Liability Company Act
  5. Finance
  6. Sharing of profits and losses; distributions

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    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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