{"data":{"id":"us-ut/utah-code-48-3a-404","jurisdiction":"us-ut","citation":"Utah Code § 48-3a-404","heading":"Sharing of and right to distributions before dissolution.","body":"(1) 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 48-3a-502 or charging order in effect under Section 48-3a-503.\n(2) A person has a right to a distribution before the dissolution and winding up of a limited liability company only if the limited liability company decides to make an interim distribution. A person's dissociation does not entitle the person to a distribution.\n(3) 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 Subsection 48-3a-711(4), a limited liability 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(4) If a member or transferee becomes entitled to receive a distribution, the member or transferee has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution. However, the limited liability company's obligation to make a distribution is subject to offset for any amount owed to the limited liability company by the member or a person dissociated as a member on whose account the distribution is made.","path":["Title 48 Unincorporated Business Entity Act","Chapter 48-3a Utah Revised Uniform Limited Liability Company Act","Part 48-3a-4 Relations of Members to Each Other and to Limited Liability Company"],"source_url":"https://le.utah.gov/xcode/Title48/Chapter3a/48-3a-S404.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"3f62b059fc5a992e352dfbe720180d6ce1de7065cdbf699a0305d7f2e1d6809a","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-48-3a-403","next":"us-ut/utah-code-48-3a-405"},"notice":"GroundRules: Original legal text. Not legal advice."}