8932 - Distributions and allocation of profits and losses. - Pennsylvania Statutes

§ 8932. Distributions and allocation of profits and losses. A limited liability company may from time to time make distributions and allocate the profits and losses of its business to the members of the company upon the basis stipulated in the operating agreement or, if not stipulated in the operating agreement, per capita. The allocation of losses pursuant to this section shall not affect the limitation on liability of members as provided in section 8922 (relating to liability of members). (June 22, 2001, P.L.418, No.34, eff. 60 days) Cross References. Section 8932 is referred to in section 8974 of this title.