2010 North Carolina Code
Chapter 57C North Carolina Limited Liability Company Act.
Article 5 - Assignment of Membership Interests; Withdrawal.
57C-5-07. Distribution upon withdrawal.
57C‑5‑07. Distribution upon withdrawal.
Except as provided in and to the extent provided under this Chapter, upon withdrawal, any withdrawing member is entitled to receive any distribution to which he is otherwise entitled under the articles of organization or a written operating agreement, or, if not otherwise provided in the articles of organization or a written operating agreement, upon a reasonable time after withdrawal, the fair value of the member's interest in the limited liability company as of the date of withdrawal based upon the member's right to share in distributions from the limited liability company. (1995, c. 351, s. 10; 1999‑189, s. 4.6; 2000‑140, s. 101(t).)
Disclaimer: These codes may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
