Colorado Statutes
§ 7-80-503 — 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 on the basis of the value, as stated in the limited liability company records
required to be kept pursuant to section 7-80-408, of the contributions made by
each member.
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Legislative History
Source: L. 90: Entire article added, p. 431, � 1, effective April 18. L. 94: Entire
section amended, p. 717, � 19, effective July 1. L. 2004: Entire section amended, p.
942, � 9, effective July 1.
Nearby Sections
15
§ 7-101-101
Short title§ 7-101-102
Reservation of power to amend or repeal§ 7-101-201
Filing requirements§ 7-101-401
General definitions§ 7-101-501
Short title§ 7-101-504
Nonprofit corporations§ 7-101-506
Duties of directors§ 7-101-507
Benefit report - definition§ 7-101-509
No effect on other corporations§ 7-102-101
Incorporators§ 7-102-102
Articles of incorporation§ 7-102-103
Incorporation