Indiana Statutes
§ 23-18-5-3 — Allocation of profits and losses
Indiana § 23-18-5-3
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 18LIMITED LIABILITY COMPANIES
Ch. 5Finance
This text of Indiana § 23-18-5-3 (Allocation of profits and losses) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 23-18-5-3 (2026).
Text
Unless otherwise provided in the operating
agreement, profits and losses must be allocated on the basis of the
agreed value, as stated in the records of the limited liability company,
of the contributions made by each member to the extent the
contributions have been received by the limited liability company and
not previously returned.
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Legislative History
As added by P.L.8-1993, SEC.301.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-18-5-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-18-5-3.