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New Mexico Statutes Chapter 53. Corporations § 53-19-22. Sharing of profits and losses

Current as of January 01, 2024 | Updated by Findlaw Staff

The profits and losses of a limited liability company shall be allocated among the members in the manner provided in the articles of organization or an operating agreement. If neither the articles of organization nor an operating agreement provide for allocation, such profits and losses shall be allocated among the members in proportion to the value of their respective contributions to capital, adjusted to reflect all withdrawals from capital.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 53. Corporations § 53-19-22. Sharing of profits and losses - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-53-corporations/nm-st-sect-53-19-22/

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