Colorado § 7-80-504 Sharing of distributions

Colorado Statutes

§ 7-80-504 — Sharing of distributions

Colorado·Title 07 Corporations·Art. Limited Liability Companies

Distributions of cash or other assets of a
limited liability company shall be allocated among the members and among classes
of members on the basis of the value, as stated in the limited liability company
records required to be kept pursuant to section 7-80-408, of the contributions
made by each member.

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Legislative History

Source: L. 90: Entire article added, p. 431, � 1, effective April 18. L. 94: Entire section amended, p. 717, � 20, effective July 1. L. 2004: Entire section amended, p. 942, � 10, effective July 1.