Tex. Business Organizations Code § 101.201
This is the official text of Tex. Business Organizations Code § 101.201, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 101.201. ALLOCATION OF PROFITS AND LOSSES.
Official statutory text
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.
Status: in_force · Read it on the official government site
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