State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-220 > 48-220-101

48-220-101. Sharing of profits and losses.

Unless otherwise provided in the articles or operating agreement, the profits and losses of an LLC must be allocated equally among the members.

[Acts 1994, ch. 868, § 1.]  

State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-220 > 48-220-101

48-220-101. Sharing of profits and losses.

Unless otherwise provided in the articles or operating agreement, the profits and losses of an LLC must be allocated equally among the members.

[Acts 1994, ch. 868, § 1.]  


State Codes and Statutes

State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-220 > 48-220-101

48-220-101. Sharing of profits and losses.

Unless otherwise provided in the articles or operating agreement, the profits and losses of an LLC must be allocated equally among the members.

[Acts 1994, ch. 868, § 1.]