The profits and losses, and each item thereof, of a limited liability company shall be allocated among the members in the manner provided in the articles of organization or in a written operating agreement. If the articles of organization or a written operating agreement does not so provide, profits and losses, and each item thereof, shall be allocated equally among the members.
Section: Previous 14-11-401 14-11-402 14-11-403 14-11-404 14-11-405 14-11-406 14-11-407 14-11-408 14-11-409 NextLast modified: October 14, 2016