Wyoming Statutes
§ 17-25-110 — Sharing of profits and losses; distributions
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 25 CLOSE LIMITED LIABILITY COMPANY SUPPLEMENT
(a)A close limited liability company may divide and
allocate the profits and losses of its business among the
members and transferees of the company upon the basis provided
in the operating agreement. If the operating agreement does not
so provide, profits and losses shall be allocated on the basis
of the value of contributions to the company by each member and
transferee to the extent they have been received by the company
and have not been returned.
(b)Distributions by a close limited liability company
before its dissolution and winding up may be made among the
members and transferees of the company upon the basis provided
in the operating agreement. If the operating agreement does not
so provide, distributions shall be made on the basis of the
value of contributions to the company by
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Nearby Sections
11
§ 17-25-101
Short title§ 17-25-104
Formation§ 17-25-105
Articles of organization§ 17-25-106
Management§ 17-25-108
Dissolution§ 17-25-109
Repealed By Laws 2010, Ch. 94, § 3§ 17-25-110
Sharing of profits and losses; distributions§ 17-25-111
Transferability of interest