29-709. Sharing of profits and losses
The profits and losses of a limited liability company shall be allocated among the
members and among classes of members in the manner provided in an operating
agreement. If an operating agreement does not so provide, profits shall be allocated
among the members according to the manner in which they share in distributions that
exceed the repayment of their capital contributions, and losses shall be allocated among
the members according to the relative capital contributions that they have made or
promised to make in the future.
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