Rhode Island Statutes
§ 7-16-27 — § 7-16-27. Sharing of distributions.
Rhode Island·Title 7 Corporations, Associations and Partnerships·Ch. 7-16 The Rhode Island Limited Liability Company Act
§ 7-16-27. Sharing of distributions.
Unless otherwise provided in the articles of organization or operating agreement, distributions of cash or other assets of a limited liability company shall be allocated to each member on the basis of the member's capital value.
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Rhode Island § 7-16-27 (§ 7-16-27. Sharing of distributions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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 [Repealed.]§ 7-1-15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 [Repealed.]§ 7-1-18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 [Repealed.]§ 7-1-22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 [Repealed.]§ 7-1-24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 [Repealed.]§ 7-1-5.1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 [Repealed.]