Unless otherwise provided in the articles of organization or the operating agreement, the profits and losses of a limited liability company shall be allocated to each member on the basis of the member’s capital value.
R.I. Gen. Laws § 7-16-26
Sharing of profits and losses
Known as the Rhode Island Limited Liability Company Act
The act spans §§ 7–7 (87 sections).
P.L. 1992, ch. 280, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.