183.0503 183.0503 Allocation of profits and losses. The profits and losses of a limited liability company shall be allocated among the members in the manner provided in an operating agreement. If the members do not enter into an operating agreement or the operating agreement does not so provide, profits and losses shall be allocated on the basis of value, as stated in the records required to be kept under s. 183.0405 (1), of the contributions made by each member.
183.0503 History History: 1993 a. 112.
Loading...
Loading...
2017-18 Wisconsin Statutes updated through 2019 Wis. Act 186 and through all Supreme Court and Controlled Substances Board Orders filed before and in effect on June 1, 2020. Published and certified under s. 35.18. Changes effective after June 1, 2020, are designated by NOTES. (Published 6-1-20)