GroundRules
W. Va. Code § 31B-4-405: Sharing of and right to distributions.
Where this section sits in the code
- CHAPTER 31B. UNIFORM LIMITED LIABILITY COMPANY ACT.
- ARTICLE 4. RELATIONS OF MEMBERS TO EACH OTHER AND TO LIMITED LIABILITY COMPANY.
(a) Any distributions made by a limited liability company before its dissolution and winding up must be in equal shares.
(b) A member has no right to receive, and may not be required to accept, a distribution in kind.
(c) If a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.
Collected 2026-09-06T00:28:00Z. Source file · JSON