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Tenn. Code § 48-220-101 : CORPORATIONS AND ASSOCIATIONS —LIMITED LIABILITY COMPANIES — SHARING OF PROFITS AND LOSSES —220-101 - Sharing of profits and losses

Unless otherwise provided in the articles or operating agreement, the profits and losses of an LLC must be allocated equally among the members.

T.C.A. § 48-220-101

Acts 1994, ch. 868, § 1.