Colorado § 7-80-604 Distribution in kind

Colorado Statutes

§ 7-80-604 — Distribution in kind

Colorado·Title 07 Corporations·Art. Limited Liability Companies

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.

Colorado § 7-80-604 (Distribution in kind) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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.