Guam § 15113 - (C). Allocation of Profits and Losses Among
Full text of Guam Guam Code Annotated § 15113 — (C). Allocation of Profits and Losses Among, with citation guidance and answers to common questions.
§ 15113. (C). Allocation of Profits and Losses Among
Members.
The profits and losses of a limited liability company shall be
allocated among the members, and among classes of members,
in the manner provided in the operating agreement. If the
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operating agreement does not otherwise provide, profits and
losses shall be allocated in proportion to the contributions of
each member.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 15113
What does Guam Code Annotated § 15113 cover?
Section 15113 ("(C). Allocation of Profits and Losses Among") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 15113?
A common citation format is "Guam Code Annotated § 15113" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 15113 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.