Sec. 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, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 73, eff. January 1, 2006.
Section: Previous 101.114 101.151 101.152 101.153 101.154 101.155 101.156 101.201 101.202 101.203 101.204 101.205 101.206 101.207 101.208 NextLast modified: September 28, 2016