Okla. Stat. tit. 18, § 18-2025: Profits and losses – Distributions
Where this section sits in the code
- OK Code
- Title 18
PROFITS AND LOSSES; DISTRIBUTIONS
Except as otherwise provided in the operating agreement:
1. The profits and losses of a limited liability company shall
be allocated among the members, and among classes or groups of
members, on the basis of the agreed value, as stated in the records
of the limited liability company, of the contributions made by each
member to the extent they have been received by the limited
liability company and have not been returned; and
2. Distributions of the limited liability company shall be made
to the members, and among classes or groups of members, in
proportion to their right to share in the profits and losses of the
limited liability company.
Collected 2026-09-14T18:32:36Z. Source file · JSON