Limitation on Loss Allocation

Description

This AI field captures provisions limiting the allocation of losses to a partner or member to the extent that such allocation would result in a capital account deficit.

Jurisdiction

  • Canada (Alberta, British Columbia, and Ontario)
  • United States (California, Delaware, and Texas)

Document Types

  • 98% Governance Agt
  • 2% Other

Tags

  • LPA/LLC

Language

  • 100% English