Statutes > Rhode Island Statutes > Title 7 - Corporations, Associations and Partnerships > CHAPTER 7-16 - The Rhode Island Limited Liability Company Act > § 7-16-26 - Sharing of profits and losses.

§ 7-16-26 - Sharing of profits and losses.

SECTION 7-16-26

   § 7-16-26  Sharing of profits and losses.– Unless otherwise provided in the articles of organization or the operatingagreement, the profits and losses of a limited liability company shall beallocated to each member on the basis of the member's capital value.