{"data":{"id":"us-va/va.-code-13.1-1034","jurisdiction":"us-va","citation":"Va. Code § 13.1-1034","heading":"Distribution in kind","body":"Except as provided in writing in the articles of organization or an operating agreement, a member, regardless of the nature of his or its contribution, has no right to demand and receive any distribution from a limited liability company in any form other than cash. Except as provided in writing in the articles of organization or an operating agreement, a member may not be compelled to accept a distribution of any asset in kind from a limited liability company to the extent that the percentage of the asset distributed to him or it exceeds a percentage of that asset which his or its membership interest constitutes of all membership interests in the limited liability company.1991, c. 168.","path":["Title 13.1. CORPORATIONS","Chapter 12. VIRGINIA LIMITED LIABILITY COMPANY ACT","Article 6. FINANCE"],"source_url":"https://law.lis.virginia.gov/vacode/13.1-1034/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"de2053418263493c3b99f619503ab543be00eb4a3b6580a6cad93321dc273353","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-1033","next":"us-va/va.-code-13.1-1035"},"notice":"GroundRules: Original legal text. Not legal advice."}