2005 Minnesota Statutes - 322B.50 — Sharing of distributions.

     322B.50 Sharing of distributions. 


    Unless otherwise provided in the articles of organization, 
 or a member control agreement, or by the board of governors 
 under section 322B.40, subdivisions 5 and 6, distributions of 
 cash or other assets of a limited liability company, including 
 distributions on termination of the limited liability company, 
 must be allocated in proportion to the value of the 
 contributions of the members reflected in the required records. 


    HIST: 1992 c 517 art 2 s 56; 1999 c 85 art 2 s 52