2010 Hawaii Code
428. Uniform Limited Liability Company Act
§428-405 Sharing of and right to distributions.

HI Rev Stat § 428-405 (2010 through Reg Sess) What's This?

[§428-405] Sharing of and right to distributions. (a) Any distributions made by a limited liability company, prior to dissolution and winding up, must be in equal shares.

(b) A member has no right to receive, and may not be required to accept, a distribution in kind.

(c) If a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution. [L 1996, c 92, pt of §1]

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