{"data":{"id":"us-ga/o.c.g.a.-14-11-408","jurisdiction":"us-ga","citation":"O.C.G.A. § 14-11-408","heading":"Liability upon wrongful distribution.","body":"(a) A member or manager who votes for or expressly consents to a distribution that is made in violation of Code Section 14-11-407 is personally liable to the limited liability company for the amount of the distribution that exceeds what could have been distributed without violating Code Section 14-11-407, if it is established that such member or manager did not act in compliance with Code Section 14-11-407 and violated a duty owed under Code Section 14-11-305 (without regard to any limitation on such duty permitted by paragraph (4) of Code Section 14-11-305).\n(b) Each member or manager held liable under subsection (a) of this Code section for an unlawful distribution is entitled to contribution:\n(1) From each other member or manager who could be held liable under subsection (a) of this Code section for the unlawful distribution; and\n(2) From each member for the amount the member received knowing that the distribution was made in violation of Code Section 14-11-407.\n(c) A proceeding under this Code section is barred unless it is commenced within two years after the date on which the effect of the distribution is measured under Code Section 14-11-407.","path":["TITLE 14 Corporations, Partnerships, and Associations","CHAPTER 11 Limited Liability Companies","Article 4 Finance"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.14.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"1fd77d8868fb48ffe56b59deee5c712b225545be6ca8fccd834bc52354afd53f","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-14-11-407","next":"us-ga/o.c.g.a.-14-11-409"},"notice":"GroundRules: Original legal text. Not legal advice."}