17-76,108.   Distribution in kind.Except as provided in an operating agreement, a member,regardless of the natureof the member's contribution, has no right to demand and receive anydistribution from a limitedliability company in any form other than cash. Except as provided in anoperating agreement, amember may not be compelled to accept a distribution of any asset in kind froma limited liabilitycompany to the extent that the percentage of the asset distributed exceeds apercentage of that assetwhich is equal to the percentage in which the member shares in distributionsfrom the limitedliability company. Except as provided in the operating agreement, a member maybe compelled toaccept a distribution of any asset in kind from a limited liability company tothe extent that thepercentage of the asset distributed is equal to a percentage of that assetwhich is equal to thepercentage in which the member shares in distributions from the limitedliability company.

      History:   L. 1999, ch. 119, § 47; Jan. 1, 2000.