Unless otherwise provided in the articles of organization, or in an operating agreement, the profits and losses of a limited liability company created after July 31, 2017, must be allocated among the members and among classes and series of members in proportion to the value of the contributions of the members.
N.D. Cent. Code § 10-32.1-30.1
Sharing of profits and loss
Known as the North Dakota Uniform Limited Liability Company Act
The act spans §§ 10-32.1-01 to 10-32.1-99 (103 sections).
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.