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2014 Virginia Code
Title 13.1 - Corporations
§ 13.1-1036. Liability upon wrongful distribution


VA Code § 13.1-1036 (2014) What's This?

If a member has received a distribution in violation of the articles of organization or an operating agreement or in violation of ยง 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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