2012 Utah Code
Title 48 - Partnership
Article 2c - Utah Revised Limited Liability Company Act
Section 1006 - Duty to return wrongful distributions.
If a member receives a distribution by mistake or in violation of the articles of organization, the operating agreement, or Section 48-2c-1005, that member is obligated to return the wrongful distribution to the company and shall remain liable to the company for a period of five years thereafter for the amount of the distribution wrongfully made provided a proceeding to recover the distribution from the member is commenced prior to the expiration of the five-year period.
Enacted by Chapter 260, 2001 General Session
Repealed by Chapter 353, 2011 General Session
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