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Massachusetts · Through amendments passed before May 31, 2026

Mass. Gen. Laws ch. 156C, § 32: Distribution to resigning member

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Where this section sits in the code
  1. Part I
  2. Title XXII
  3. Chapter 156C

Section 32. Upon resignation, a resigning member is entitled to receive any distribution to which he is entitled upon resignation under a written operating agreement. If not otherwise provided in a written operating agreement, a resigning member is entitled to receive, within a reasonable time after resignation, the fair value of his limited liability company interest as of the date of resignation based upon his right to share in distributions from the limited liability company.

Collected 2026-09-17T05:23:39Z. Source file · JSON

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