Tex. Bus. Org. Code § 101.201

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 101.201 - Allocation of Profits and Losses

The profits and losses of a limited liability company shall be allocated to each member of the company on the basis of the agreed value of the contributions made by each member, as stated in the company's records required under Section 101.501.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.

Amended by Acts 2005, 79th Leg., Ch. 64, Sec. 73, eff. 1/1/2006.