Indiana § 23-18-5-8 Distributions in kind

Indiana Statutes

§ 23-18-5-8 — Distributions in kind

Indiana § 23-18-5-8

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 18LIMITED LIABILITY COMPANIES

Ch. 5Finance

This text of Indiana § 23-18-5-8 (Distributions in kind) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-18-5-8 (2026).

Text

(a)Except as provided in the operating agreement, a member, regardless of the nature of the member's contribution, does not have a right to demand and receive a distribution from a limited liability company in a form other than cash.

(b)Except as provided in the operating agreement, a member may not be compelled to accept a distribution in kind from a limited liability company to the extent that the member's percentage interest in the assets being distributed in kind exceeds the percentage of distributions that the member is entitled to receive under section 4 of this chapter.

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(a) Except as provided in the operating
agreement, a member, regardless of the nature of the member's
contribution, does not have a right to demand and receive a distribution
from a limited liability company in a form other than cash.
(b) Except as provided in the operating agreement, a member may
not be compelled to accept a distribution in kind from a limited liability
company to the extent that the member's percentage interest in the
assets being distributed in kind exceeds the percentage of distributions
that the member is entitled to receive under section 4 of this chapter.