Rhode Island Statutes
§ 7-16-26 — § 7-16-26. Sharing of profits and losses.
Rhode Island § 7-16-26
JurisdictionRhode Island
Title 7Corporations, Associations and Partnerships
Ch. 7-16The Rhode Island Limited Liability Company Act
This text of Rhode Island § 7-16-26 (§ 7-16-26. Sharing of profits and losses.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
R.I. Gen. Laws § 7-16-26 (2026).
Text
§ 7-16-26. Sharing of profits and losses.
Unless otherwise provided in the articles of organization or the operating agreement, the profits and losses of a limited liability company shall be allocated to each member on the basis of the member's capital value.
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Related
Gardner v. Larkin
(D. Rhode Island, 2020)
Legislative History
P.L. 1992, ch. 280, § 1.
Nearby Sections
15
§ 7-1-1
§ 7-1-1 — 7-1-4. [Repealed.]§ 7-1-15
§ 7-1-15, 7-1-16. [Repealed.]§ 7-1-18
§ 7-1-18 — 7-1-20. [Repealed.]§ 7-1-22
§ 7-1-22. [Repealed.]§ 7-1-24
§ 7-1-24 — 7-1-26. [Repealed.]§ 7-1-5.1
§ 7-1-5.1. [Repealed.]Cite This Page — Counsel Stack
Bluebook (online)
Rhode Island § 7-16-26, Counsel Stack Legal Research, https://law.counselstack.com/statute/ri/7-16-26.