Massachusetts § 31 Entitlement to distributions

Massachusetts Statutes

§ 31 — Entitlement to distributions

Massachusetts § 31

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 156CLIMITED LIABILITY COMPANY ACT

This text of Massachusetts § 31 (Entitlement to distributions) 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, § 31 (2026).

Text

Section 31. Except as provided in sections thirty-two and forty-six, a member is entitled to receive distributions from a limited liability company only to the extent and at the times or upon the happening of the events specified in the operating agreement or, if the operating agreement does not so specify, as determined by the members or managers pursuant to section twenty-one or section twenty-six.

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Section 31. Except as provided in sections thirty-two and forty-six, a member is entitled to receive distributions from a limited liability company only to the extent and at the times or upon the happening of the events specified in the operating agreement or, if the operating agreement does not so specify, as determined by the members or managers pursuant to section twenty-one or section twenty-six.

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Bluebook (online)

Massachusetts § 31, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/156C/31.