Colorado § 7-80-604 Distribution in kind

Colorado Statutes

§ 7-80-604 — Distribution in kind

Colorado § 7-80-604

Title 07Corporations

Art.Limited Liability Companies

This text of Colorado § 7-80-604 (Distribution in kind) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-80-604 (2026).

Text

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. 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 the member
exceeds a percentage of that asset that is equal to the percentage in which the
member shares in distributions from the limited liability company.

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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. 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 the member
exceeds a percentage of that asset that is equal to the percentage in which the
member shares in distributions from the limited liability company.

Legislative History

Source: L. 90: Entire article added, p. 432, � 1, effective April 18. L. 94: Entire section amended, p. 718, � 23, effective July 1. L. 2004: Entire section amended, p. 1460, � 185, effective July 1.