Missouri § 347.111 - Allocation of profits or losses, manner.
Full text of Missouri Revised Statutes of Missouri § 347.111 — Allocation of profits or losses, manner., with citation guidance and answers to common questions.
§ 347.111. Allocation of profits or losses, manner.
The profits or 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 operating agreement does not so provide, profits shall be allocated among the members in the amount and manner of any losses previously allocated to the members to the extent not previously offset by allocations of profit and then according to the manner in which they share in distributions which exceed the repayment of their contributions, and losses shall be allocated among the members according to the respective contributions which they have made and promised to make in the future.
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(L. 1993 S.B. 66 & 20 § 359.766)
Effective 12-01-93
---- end of effective 01 Dec 1993 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 347.111
What does Revised Statutes of Missouri § 347.111 cover?
Section 347.111 ("Allocation of profits or losses, manner.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. 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 Missouri § 347.111?
A common citation format is "Revised Statutes of Missouri § 347.111" (Missouri). 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 Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 347.111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri 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 Missouri.