Illinois Statutes
§ 25-1 — Interim distributions
Illinois § 25-1
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 805BUSINESS ORGANIZATIONS
Act 805 ILCS 180/Limited Liability Company Act.
Art.Article 25 - Distributions
This text of Illinois § 25-1 (Interim distributions) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
805 Ill. Comp. Stat. 25-1 (2026).
Text
(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.
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Legislative History
(Source: P.A. 90-424, eff. 1-1-98.)
Nearby Sections
11
§ 25
§ 25§ 25-1
Interim distributions§ 25-10
(Repealed)§ 25-15
(Repealed)§ 25-20
Right to distribution§ 25-25
(Repealed)§ 25-30
Limitations on distributions§ 25-5
(Repealed)Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 25-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/805/25-1.