183.0602 Allocation of distributions. - Wisconsin Statutes

183.0602

183.0602 Allocation of distributions. Distributions of cash or other assets of a limited liability company shall be allocated among the members as provided in an operating agreement. If the members do not enter into an operating agreement or the operating agreement does not so provide, distributions shall be allocated in the same manner that profits are allocated under s. 183.0503.

183.0602 - ANNOT.

History: 1993 a. 112; 1995 a. 400.