Illinois Statutes
§ 25-1 — Interim distributions
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 180/ Limited Liability Company Act.·Art. Article 25 - Distributions
(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(Repealed)§ 25-15
(Repealed)§ 25-20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(Repealed)§ 25-30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(Repealed)