§ 4A–503
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 4A-503 (2026)
Title 4A. Limited Liability Company Act
Subtitle 5. Finance
§ 4A–503LinkCopy Citation
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.