{"data":{"id":"us-ak/as-10.50.340","jurisdiction":"us-ak","citation":"AS 10.50.340","heading":"Distribution in kind.","body":"(a) Unless otherwise provided in an operating agreement of the company, a member, regardless of the nature of the member's contribution, may not demand and receive a distribution from a limited liability company in a form other than cash.\n(b) Unless otherwise provided in an operating agreement of the company, a limited liability company may not compel a member of the company to accept from the company a distribution of a company asset in a form other than cash to the extent that the percentage of the asset distributed to the member exceeds the percentage that the member would have shared in a cash distribution equal to the value of the asset at the time of distribution.","path":["Title 10. Corporations and Associations.","Chapter 50. Alaska Revised Limited Liability Company Act.","Article 9. Distributions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#10.50.340","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:39Z","sha256":"6ea90718fc484f43df4ecde33c0fd030fafcf75ac98eca0de25fdd3ea69beaf0","source_id":"us-ak","stale":false,"prev":"us-ak/as-10.50.335","next":"us-ak/as-10.50.345"},"notice":"GroundRules: Original legal text. Not legal advice."}