Oklahoma § 18-2025
Full text of Oklahoma Oklahoma Statutes § 18-2025, with citation guidance and answers to common questions.
§ 18-2025.
Profits and losses – Distributions.
PROFITS AND LOSSES; DISTRIBUTIONS
Except as otherwise provided in the operating agreement:
1. The profits and losses of a limited liability company shall
be allocated among the members, and among classes or groups of
members, on the basis of the agreed value, as stated in the records
of the limited liability company, of the contributions made by each
member to the extent they have been received by the limited
liability company and have not been returned; and
2. Distributions of the limited liability company shall be made
to the members, and among classes or groups of members, in
proportion to their right to share in the profits and losses of the
limited liability company.
Added by Laws 1992, c. 148, § 26, eff. Sept. 1, 1992. Amended by
Laws 2004, c. 255, § 44, eff. Nov. 1, 2004; Laws 2017, c. 323, § 43,
eff. Nov. 1, 2017.
Frequently Asked Questions About Oklahoma § 18-2025
What does Oklahoma Statutes § 18-2025 cover?
Section 18-2025 is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 18-2025?
A common citation format is "Oklahoma Statutes § 18-2025" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-2025 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.