GroundRules
O.C.G.A. § 14-11-406: Distributions in kind.
Where this section sits in the code
- TITLE 14 Corporations, Partnerships, and Associations
- CHAPTER 11 Limited Liability Companies
- Article 4 Finance
Except as provided in the articles of organization or a written operating agreement:
(1) A member, regardless of the nature of the member’s contribution, has no right to demand and receive any distribution from a limited liability company in any form other than cash; and
(2) No member may be compelled to accept from a limited liability company a distribution of any asset in kind to the extent that the percentage of the asset distributed to the member exceeds a percentage that is equal to the percentage in which the member shares in distributions from the limited liability company.
Collected 2026-09-17T18:57:12Z. Source file · JSON
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