Md. Code, Corporations and Associations § 4A-503
This is the official text of Md. Code, Corporations and Associations § 4A-503, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§4A–503.
Official statutory text
Unless otherwise agreed:
(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.
(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.
Status: in_force · Read it on the official government site
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