{"data":{"id":"us-id/idaho-code-30-25-404","jurisdiction":"us-id","citation":"Idaho Code § 30-25-404","heading":"SHARING OF AND RIGHT TO DISTRIBUTIONS BEFORE DISSOLUTION.","body":"(a) Any distributions made by a limited liability company before its dissolution and winding up must be in equal shares among members and persons dissociated as members, except to the extent necessary to comply with a transfer effective under section 30-25-502, Idaho Code, or charging order in effect under section 30-25-503, Idaho Code.\n(b) A person has a right to a distribution before the dissolution and winding up of a limited liability company only if the company decides to make an interim distribution. A person’s dissociation does not entitle the person to a distribution.\n(c) A person does not have a right to demand or receive a distribution from a limited liability company in any form other than money. Except as otherwise provided in section 30-25-707(d), Idaho Code, a company may distribute an asset in kind only if each part of the asset is fungible with each other part and each person receives a percentage of the asset equal in value to the person’s share of distributions.\n(d) If a member or transferee becomes entitled to receive a distribution, the member or transferee is entitled to all remedies available to a creditor of the limited liability company with respect to the distribution. However, the company’s obligation to make a distribution is subject to offset for any amount owed to the company by the member or a person dissociated as a member on whose account the distribution is made.","path":["TITLE 30 CORPORATIONS","CHAPTER 25 LIMITED LIABILITY COMPANIES","PART 4 RELATIONS OF MEMBERS TO EACH OTHER AND TO LIMITED LIABILITY COMPANY"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title30/t30ch25/sect30-25-404/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:18:38Z","sha256":"4ec4282536c8ed335bb67315fcbe3aeb1e7b3670980317fb464583110e13a97a","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-30-25-403","next":"us-id/idaho-code-30-25-405"},"notice":"GroundRules: Original legal text. Not legal advice."}