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Section 14-11-406 - Distributions in kind — Georgia Law | CourtGPT
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  6. Article 4 - Finance/
  7. Section 14-11-406 - Distributions in kind
Georgia Legal Code

Section 14-11-406 - Distributions in kind

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Except as provided in the articles of organization or a written operating agreement:(1) 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(2) No member may be compelled to accept from a limited liability company a distribution of any asset in kind to the extent that the percentage of the asset distributed to the member exceeds a percentage that is equal to the percentage in which the member shares in distributions from the limited liability company.