35-8-503. Sharing of profits and losses. Unless otherwise provided in the articles of organization or a written operating agreement, each member must be repaid that member's contributions to capital and share equally in the profits, losses, and surpluses remaining after all liabilities, including those to members, are satisfied.
History: En. Sec. 31, Ch. 120, L. 1993.
35-8-503. Sharing of profits and losses. Unless otherwise provided in the articles of organization or a written operating agreement, each member must be repaid that member's contributions to capital and share equally in the profits, losses, and surpluses remaining after all liabilities, including those to members, are satisfied.
History: En. Sec. 31, Ch. 120, L. 1993.
35-8-503. Sharing of profits and losses. Unless otherwise provided in the articles of organization or a written operating agreement, each member must be repaid that member's contributions to capital and share equally in the profits, losses, and surpluses remaining after all liabilities, including those to members, are satisfied.
History: En. Sec. 31, Ch. 120, L. 1993.
