Maine Revised Statutes

§663. Allocation of profits and losses

The profits and losses of a limited liability company must be allocated among the members and among classes or groups of members in the manner provided in the operating agreement or the articles of organization. If the operating agreement or articles of organization do not so provide, the profits and losses must be allocated on a per capita basis. [1993, c. 718, Pt. A, §1 (NEW).]

SECTION HISTORY
1993, c. 718, §A1 (NEW).

Data for this page extracted on 10/14/2009 10:53:53.