Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
3983 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Fourteen - Private Corporations (§§ 1 — 4084)/
  5. Subtitle 5 - General Corporations Act (2009)/
  6. Chapter 239 - Limited Liability Companies Sub/
  7. Subchapter III/
  8. 3983
Puerto Rico Legal Code

3983

Ask AI about this
Distributions of cash or other assets of an LLC shall be allocated among the members, and among classes or groups of members, in the manner provided in an LLCA. If the LLCA does not so provide, distributions shall be made on the basis of the agreed value (as stated in the records of the LLC) of the contributions made by each member to the extent they have been received by the LLC and have not been returned.\nHistory —Dec. 16, 2009, No. 164, § 19.33.