1999 Minnesota Statutes

     322B.326 Sharing of profits and losses. 

    Unless otherwise provided in the articles of organization, 
 a member control agreement, or by the board of governors under 
 section 322B.40, subdivisions 5 and 6, the profits and losses of 
 a limited liability company are to be allocated among the 
 members, and among classes and series of members, in proportion 
 to the value of the contributions of the members reflected in 
 the required records. 

    HIST: 1992 c 517 art 2 s 33; 1999 c 85 art 2 s 18