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2020 North Carolina General Statutes
Chapter 57D - North Carolina Limited Liability Company Act
Article 4 - Contributions and Distributions.
§ 57D-4-04 - Distribution in kind.
Universal Citation: NC Gen Stat § 57D-4-04 (2020)
57D-4-04. Distribution in kind.
An LLC may distribute property other than money if the interest owners receive interests of identical character in, or units of identical character of, such property in the same proportions as if the distribution were being made in money equal to the net value of the property being distributed.
(2013-157, s. 2.)
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