{"data":{"id":"us-ar/ark.-code-ann.-4-32-603","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-32-603","heading":"Distribution in kind.","body":"Unless otherwise provided in an operating agreement:\n(1) A member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from the limited liability company in any form other than cash; and\n(2) A member may not be compelled to accept from the limited liability company a distribution of any asset in kind 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 property at the time of distribution.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 32 Small Business Entity Tax Pass Through Act","Subchapter 6 — Distributions and Withdrawal"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:07:03Z","sha256":"c0809de71ac1fef7e64b87ff1811859cd8b7dd78e082aaf8fe47111834323aee","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-32-602","next":"us-ar/ark.-code-ann.-4-32-604"},"notice":"GroundRules: Original legal text. Not legal advice."}