State Codes and Statutes

Statutes > Maryland > Corporations-and-associations > Title-4a > Subtitle-5 > 504

§ 4A-504. Distribution in kind.
 

Unless otherwise provided in the operating agreement, a member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in a form other than cash. 
 

[1992, ch. 536; 1997, ch. 659, § 2.] 
 

State Codes and Statutes

Statutes > Maryland > Corporations-and-associations > Title-4a > Subtitle-5 > 504

§ 4A-504. Distribution in kind.
 

Unless otherwise provided in the operating agreement, a member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in a form other than cash. 
 

[1992, ch. 536; 1997, ch. 659, § 2.] 
 


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Corporations-and-associations > Title-4a > Subtitle-5 > 504

§ 4A-504. Distribution in kind.
 

Unless otherwise provided in the operating agreement, a member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in a form other than cash. 
 

[1992, ch. 536; 1997, ch. 659, § 2.]