{"data":{"id":"us-ky/krs-275.205","jurisdiction":"us-ky","citation":"KRS 275.205","heading":"Allocation of profits and losses among members.","body":"Profits and losses of a limited liability company shall be allocated among the members\nand among classes of members in the manner provided in the operating agreement. If a\nwritten operating agreement does not otherwise provide, profits and losses shall be\nallocated on the basis of the agreed value, as stated in the records of the limited liability\ncompany as required by KRS 275.185, of the contributions made by each member to the\nextent they have been received by the limited liability company and have not b een\nreturned.","path":["KRS Chapter 275"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13870","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:27Z","sha256":"c3bb4ebba27383d66198796cef3ae35e4e9088d71593454fd512e47553b094bb","source_id":"us-ky","stale":false,"prev":"us-ky/krs-275.200","next":"us-ky/krs-275.210"},"notice":"GroundRules: Original legal text. Not legal advice."}