Ala. Code
Code of Alabama

Ala. Code § 10-12-28 (2026)

Sharing of Profits and Losses.

✓ official Alabama Legislature (ALISON) text, current July 2026
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All provisions of Title 10 have been repealed or transferred to Title 10A, effective January 1, 2011.

(Acts 1993, No. 93-724, p. 1425, §28.)

Notes of Decisions
Cited in 1 case, 2010–2010 · leading case: McMichael v. McMichael, 62 So. 3d 465 (Ala. 2010).
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McMichael v. McMichael, 62 So. 3d 465 (Ala. 2010). · cites it 3× “In support of his argument, Forney cited Ala.Code 1975, § 10-12-28(b), which provides: “All property originally contributed to the limited liability company or subsequently acquired by a limited liability company by purchase or otherwise is limited liability company property.”
Ala. Code § 10-12-28(b): 1 case
McMichael v. McMichael, 62 So. 3d 465 (Ala. 2010). “In support of his argument, Forney cited Ala.Code 1975, § 10-12-28(b), which provides: “All property originally contributed to the limited liability company or subsequently acquired by a limited liability company by purchase or otherwise is limited liability company property.”
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