Oklahoma Statutes (Last Updated: September 18, 2014)

§ 18-2025. Allocation of profits and losses - Distributions.

Latest version.

Except as otherwise provided in the operating agreement:
1. The profits and losses of a limited liability company shall be allocated among the members, and among classes or groups of members, in proportion to their respective capital interests; and
2. Distributions of the limited liability company shall be made to the members, and among classes or groups of members, in proportion to their right to share in the profits of the limited liability company.

Added by Laws 1992, c. 148, § 26, eff. Sept. 1, 1992. Amended by Laws 2004, c. 255, § 44, eff. Nov. 1, 2004.

                    
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