Oklahoma § 18-2025 Profits and losses – Distributions.

Oklahoma Statutes

§ 18-2025 — Profits and losses – Distributions.

Oklahoma § 18-2025

Title 18Corporations

This text of Oklahoma § 18-2025 (Profits and losses – Distributions.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 18, § 18-2025 (2026).

Text

PROFITS AND LOSSES; DISTRIBUTIONS Except as otherwise provided in the operating agreement: 1. The profits and losses of a limited liability company shall be allocated among the members, and among classes or groups of members, 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 they have been received by the limited liability company and have not been returned; and 2. Distributions of the limited liability company shall be made to the members, and among classes or groups of members, in proportion to their right to share in the profits and losses of the limited liability company.

Free access — add to your briefcase to read the full text and ask questions with AI

PROFITS AND LOSSES; DISTRIBUTIONS Except as otherwise provided in the operating agreement: 1. The profits and losses of a limited liability company shall be allocated among the members, and among classes or groups of members, 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 they have been received by the limited liability company and have not been returned; and 2. Distributions of the limited liability company shall be made to the members, and among classes or groups of members, in proportion to their right to share in the profits and losses of the limited liability company.

Legislative History

Added by Laws 1992, c. 148, § 26, eff. Sept. 1, 1992. Amended by Laws 2004, c. 255, § 44, eff. Nov. 1, 2004; Laws 2017, c. 323, § 43, eff. Nov. 1, 2017.