17-76,101.   Allocation of profits andlosses.The profits and losses of a limited liability company shallbe allocated among themembers, and among classes or groups of members, in the manner provided in anoperating agreement. If the operating agreement does not so provide, profitsand losses shall be allocated onthe basis of the agreed value (as stated in the records of the limitedliability company) of thecontributions made by each member to the extent they have been received by thelimited liabilitycompany and have not been returned.

      History:   L. 1999, ch. 119, § 40; Jan. 1, 2000.