R.I. Gen. Laws § 7-16-26

Current through 2024 Public Law 457

Section 7-16-26 - Sharing of profits and losses

Unless otherwise provided in the articles of organization or the operating agreement, the profits and losses of a limited-liability company shall be allocated to each member on the basis of the member's capital value.

P.L. 1992, ch. 280, § 1.