17-76,102.   Allocation of distributions.Distributions of cash or other assets of a limitedliability company shall be allocatedamong the members, and among classes or groups of members, in the mannerprovided in anoperating agreement. If the operating agreement does not so provide,distributions shall be madeon the basis of the agreed value (as stated in the records of the limitedliability company) of thecontributions made by each member to the extent they have been received by thelimited liabilitycompany and have not been returned.

      History:   L. 1999, ch. 119, § 41; Jan. 1, 2000.