{"data":{"id":"us-nm/53-19-25","jurisdiction":"us-nm","citation":"53-19-25","heading":"Withdrawals of capital and distributions in kind.","body":"Except as provided in the articles of organization or an operating agreement:\nA. unless approved by all members, no member shall have the right to withdraw any part of his contribution to capital;\nB. a member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in any form other than cash; and\nC. no member may be compelled to accept from a limited liability company a distribution of any asset in kind to the extent that the value of the percentage of the asset distributed to the member exceeds a percentage of the value of that asset which is equal to the percentage in which the member shares in distributions from the limited liability company.","path":["Chapter 53 - Corporations","ARTICLE 19 Limited Liability Companies"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18556/index.do","current_through":"2025-06-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"ecb90b54c051476fa291f603d08c581a8828b495ac50f3f92824b3ba19d4e741","source_id":"us-nm","stale":false,"prev":"us-nm/53-19-24","next":"us-nm/53-19-26"},"notice":"GroundRules: Original legal text. Not legal advice."}