Limitation on Loss Allocation — LPA/LLC

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
  • 100% Governance Agt
  • 0% Other
Tags
  • LPA/LLC
Language
  • 100% English