{"data":{"id":"us-tx/tex.-business-organizations-code-101.201","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 101.201","heading":"ALLOCATION OF PROFITS AND LOSSES.","body":"The profits and losses of a limited liability company shall be allocated to each member of the company on the basis of the agreed value of the contributions made by each member, as stated in the company's records required under Section 101.501.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 73, eff. January 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 3. LIMITED LIABILITY COMPANIES","CHAPTER 101. LIMITED LIABILITY COMPANIES","SUBCHAPTER E. ALLOCATIONS AND DISTRIBUTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"b63024a6cd089579d6e40653442b5597a7c39286a1337125bfbf0abd5bdba815","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-101.156","next":"us-tx/tex.-business-organizations-code-101.202"},"notice":"GroundRules: Original legal text. Not legal advice."}