Curative Allocations
Description
This AI field captures the right of the general partner or manager to make offsetting allocations of income, gain, loss or deduction in respect of certain special/regulatory allocations otherwise allocated to the capital accounts of particular partners or members for the purposes of complying with certain requirements of the regulations under section 704 of the U.S. Internal Revenue Code.
Jurisdiction
- United States (California, Delaware, Pennsylvania, and Texas)
Document Types
- 100% Governance Agt
Tags
- LPA/LLC
Language
- 100% English