Md. Code Ann., Corps. & Ass'ns § 4A-503
Allocation of profits and losses
Effective Oct 1, 2012Added by Acts 1992, c. 536. Renumbered from Corporations and Associations § 4A-505 by Acts 1997, c. 659, § 2, eff. Oct. 1, 1997. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.State of Maryland
- (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.
Unless otherwise agreed:
Added by Acts 1992, c. 536. Renumbered from Corporations and Associations § 4A-505 by Acts 1997, c. 659, § 2, eff. Oct. 1, 1997. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.