Back to AI Fields
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