State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-2618

21-2618. Division of profits.A limited liability company may divide the profits of its business and distribute the profits to the members of the limited liability company upon the basis stipulated in the operating agreement if, after distribution is made, the aggregate fair market value of the assets of the limited liability company is in excess of all liabilities of the limited liability company other than liabilities to members on account of their contributions to capital. SourceLaws 1993, LB 121, § 18; Laws 1997, LB 631, § 11.Termination Date: January 1, 2013