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Chapter 322B
Section 322B.326
Recent History
- 2014 322B.326 Repealed 2014 c 157 art 1 s 91
- 1999 322B.326 Amended 1999 c 85 art 2 s 18
This is an historical version of this statute chapter. Also view the most recent published version.
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.
History: 1992 c 517 art 2 s 33; 1999 c 85 art 2 s 18
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.
History: 1992 c 517 art 2 s 33; 1999 c 85 art 2 s 18
Official Publication of the State of Minnesota
Revisor of Statutes