Missouri Statutes
§ 347.111 — Allocation of profits or losses, manner.
Missouri § 347.111
JurisdictionMissouri
Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Ch. 347Limited Liability Companies — Merger and Consolidation of Business Organizations
This text of Missouri § 347.111 (Allocation of profits or losses, manner.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mo. Rev. Stat. § 347.111 (2026).
Text
The profits or losses of a limited liability company shall be allocated among the members, and among classes of members, in the manner provided in the operating agreement. If the operating agreement does not so provide, profits shall be allocated among the members in the amount and manner of any losses previously allocated to the members to the extent not previously offset by allocations of profit and then according to the manner in which they share in distributions which exceed the repayment of their contributions, and losses shall be allocated among the members according to the respective contributions which they have made and promised to make in the future.
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Legislative History
(L. 1993 S.B. 66 & 20 § 359.766)
Effective 12-01-93
Nearby Sections
15
§ 347.010
Name of law.§ 347.015
Definitions.§ 347.020
Name of company regulated.§ 347.035
Organization authorized, purpose.§ 347.039
Articles, contents.§ 347.045
Articles of termination — contents.Cite This Page — Counsel Stack
Bluebook (online)
Missouri § 347.111, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/347/347.111.