Md. Code, Corp. & Ass'ns § 4A-503

Current with changes from the 2024 Legislative Session

Section 4A-503 - Sharing of profits and losses; distributions

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.

Md. Code, CA § 4A-503