2010 Code of Virginia
Title 13.1 - CORPORATIONS.
Chapter 12 - Virginia Limited Liability Company Act (13.1-1000 thru 13.1-1080)
13.1-1036 - Liability upon wrongful distribution.

§ 13.1-1036. Liability upon wrongful distribution.

If a member has received a distribution in violation of the articles of organization or an operating agreement or in violation of § 13.1-1035 of this chapter, then the member is liable to the limited liability company for a period of two years thereafter for the amount of the distribution wrongfully made.

(1991, c. 168; 2009, c. 763.)

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