Section 7-16-27 Sharing of distributions.

RI Gen L § 7-16-27 (2019) (N/A)
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§ 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.

History of Section. (P.L. 1992, ch. 280, § 1.)