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2018 Ohio Revised Code
Title [17] XVII CORPORATIONS - PARTNERSHIPS
Chapter 1705 - LIMITED LIABILITY COMPANIES
Section 1705.13 - Distribution in kind.
Universal Citation: Ohio Rev Code § 1705.13 (2018)
Except as provided in writing in the operating agreement and regardless of the nature of his contribution, a member has no right to demand and receive any distribution from a limited liability company in any form other than cash. Except as provided in writing in the operating agreement, a member may not be compelled to accept a distribution of any asset in kind from a limited liability company if the percentage of the asset distributed to him is greater or less than the percentage in which he shares in distributions from the company.
Effective Date: 07-01-1994 .
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