GroundRules
R.I. Gen. Laws § 7-16-26: Sharing of profits and losses.
Where this section sits in the code
- Title 7 Corporations, Associations, and Partnerships
- Chapter 16 The Rhode Island Limited Liability Company Act
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.
Collected 2026-09-05T19:54:51Z. Source file · JSON