Massachusetts § 30 Distributions of cash or other assets

Massachusetts Statutes

§ 30 — Distributions of cash or other assets

Massachusetts § 30

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 156CLIMITED LIABILITY COMPANY ACT

This text of Massachusetts § 30 (Distributions of cash or other assets) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 156C, § 30 (2026).

Text

Section 30. Distributions of cash or other assets of a limited liability company shall be allocated among the members, and among classes or groups of members, in the manner provided in the operating agreement. If the operating agreement does not so provide, distributions shall be made on the basis of the agreed value as stated in the records of the limited liability company of the contributions of each member to the extent they have been received by the limited liability company and have not been returned.

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Section 30. Distributions of cash or other assets of a limited liability company shall be allocated among the members, and among classes or groups of members, in the manner provided in the operating agreement. If the operating agreement does not so provide, distributions shall be made on the basis of the agreed value as stated in the records of the limited liability company of the contributions of each member to the extent they have been received by the limited liability company and have not been returned.

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Bluebook (online)

Massachusetts § 30, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/156C/30.