Title 7
Corporations, Associations, and Partnerships

Chapter 16
The Rhode Island Limited Liability Company Act

R.I. Gen. Laws § 7-16-26

§ 7-16-26. Sharing of profits and losses.

Unless otherwise provided in the articles of organization or the operating agreement, the profits and losses of a limited liability company shall be allocated to each member on the basis of the member’s capital value.

History of Section.
P.L. 1992, ch. 280, § 1.