Section 25.15.221. Distribution in-kind.

Latest version.

A member, regardless of the nature of the member's contribution, has no right to receive any distribution from a limited liability company in any form other than money. A limited liability company may distribute an asset in kind to the extent that each member receives a percentage of the asset equal to the member's percentage share of distributions.

[ 2015 c 188 § 44.]

2015 c 188 § 44.

                    
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