US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 Maryland Statutes » Corporations and Associations » Title 4A - Limited Liability Company Act » Subtitle 5 - Finance » Section 4A-503 – Sharing of Profits and Losses; Distributions

    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.