Sharing of and right to distribution

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  • (a) Any distributions made by a limited liability company before its dissolution and winding up must be in equal shares.

  • (b) A member has no right to receive, and may not be required to accept, a distribution in kind.

  • (c) If a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.


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