Texas Codes
Tex. Bus. Orgs. Code § 101.201 (2026)
Allocation Of Profits And Losses
✓ current as of May 2026
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Sec. 101.201. ALLOCATION OF PROFITS AND LOSSES. The profits and losses of a limited liability company shall be allocated to each member of the company on the basis of the agreed value of the contributions made by each member, as stated in the company's records required under Section 101.501.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 73, eff. January 1, 2006.
Notes of Decisions
Cited in 2
cases (1 in the last 5 years), 2008–2023 · leading case: EMI April Music Inc. v. Jet Rumeurs, Inc., 632 F. Supp. 2d 619 (N.D. Tex. 2008).
EMI April Music Inc. v. Jet Rumeurs, Inc., 632 F. Supp. 2d 619 (N.D. Tex. 2008). “See Tex. Bus. Orgs.Code Ann. § 101.201 (Vernon 2006) (stating the profits and losses of a limited liability company shall be allocated to each member of the company).”
Bay Area RV Parks. L.L.C. & Charles E. Simmons v. WGB RV Parks L.L.C., Judston F. Welling & Johnathan D. Gibbs (Tex. App. 2023). “See TEX. BUS. ORGS. CODE § 101.201 (“The profits and losses of a limited liability company shall be allocated to each member of the company on the basis of the agreed value of the contributions made by each member, as stated in the company’s records .”
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