GroundRules
AS 10.50.290: Repayment of contribution and sharing of profits and other assets.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 50. Alaska Revised Limited Liability Company Act.
- Article 9. Distributions.
Subject to AS 10.50.305 — 10.50.320, and unless otherwise provided in an operating agreement of the company, a member of a limited liability company shall be repaid the member's contribution to capital and shares equally in the profits and other assets of the company remaining after all liabilities, including liabilities to members, are satisfied.
Collected 2026-09-02T06:16:39Z. Source file · JSON