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2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 156c - Limited Liability Company Act
Section 31 - Entitlement to Distributions
Universal Citation: MA Gen L ch 156c § 31 (2019)
Section 31. Except as provided in sections thirty-two and forty-six, a member is entitled to receive distributions from a limited liability company only to the extent and at the times or upon the happening of the events specified in the operating agreement or, if the operating agreement does not so specify, as determined by the members or managers pursuant to section twenty-one or section twenty-six.
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