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§ 428.405 — Hawaii Law | CourtGPT
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  4. Title 23a - Other Business Entities428. Uniform Limited Liability Company Act428-101 Definitions/
  5. Chapter 428/
  6. § 428.405
Hawaii Legal Code

§ 428.405

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§428-405 Sharing of and right to distributions. (a) Any distributions made by a limited liability company, prior to dissolution and winding up, must be in equal shares. (b) A member has no right to receive, and may not be required to accept, a distribution in kind. (c) If a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution. [L 1996, c 92, pt of §1]