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Texas Business Organizations Code - Section 101.201. Allocation Of Profits And Losses

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 101.201. Allocation Of Profits And Losses

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§ 101.201. ALLOCATION OF PROFITS AND LOSSES. The profits and losses of a limited liability company shall be allocated to each member of the company on the basis of the agreed value of the contributions made by each member, as stated in the company's records required under Section 101.501. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006. Amended by Acts 2005, 79th Leg., ch. 64, § 73, eff. Jan. 1, 2006.

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Last modified: August 11, 2007