Colo. Rev. Stat. § 7-80-503

Current through Acts effective through 6/5/2024 of the 2024 Legislative Session
Section 7-80-503 - Sharing of profits and losses

The profits and losses of a limited liability company shall be allocated among the members and among classes of members on the basis of the value, as stated in the limited liability company records required to be kept pursuant to section 7-80-408, of the contributions made by each member.

C.R.S. § 7-80-503

L. 90: Entire article added, p. 431, § 1, effective April 18. L. 94: Entire section amended, p. 717, § 19, effective July 1. L. 2004: Entire section amended, p. 942, § 9, effective July 1.