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§ 31b-4-405 — West Virginia Law | CourtGPT
  1. Home/
  2. Laws/
  3. West Virginia/
  4. Chapter 31b - Uniform Limited Liability Company Act/
  5. Article 4 - Relations of Members to Each Other and to Limited Liability Company§31b-4-401. Form of Contribution/
  6. § 31b-4-405
West Virginia Legal Code

§ 31b-4-405

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(a) Any distributions made by a limited liability company before its 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.