GroundRules
O.C.G.A. § 14-11-403: Allocation of profits and losses.
Where this section sits in the code
- TITLE 14 Corporations, Partnerships, and Associations
- CHAPTER 11 Limited Liability Companies
- Article 4 Finance
The profits and losses, and each item thereof, of a limited liability company shall be allocated among the members in the manner provided in the articles of organization or in a written operating agreement. If the articles of organization or a written operating agreement does not so provide, profits and losses, and each item thereof, shall be allocated equally among the members.
Collected 2026-09-17T18:57:12Z. Source file · JSON
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