Massachusetts Statutes
§ 33 — Form of distribution on demand; acceptance of distribution of assets
Massachusetts § 33
JurisdictionMassachusetts
Part IADMINISTRATION OF THE GOVERNMENT
Title XXIICORPORATIONS
Ch. 156CLIMITED LIABILITY COMPANY ACT
This text of Massachusetts § 33 (Form of distribution on demand; acceptance of distribution of 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, § 33 (2026).
Text
Section 33. Except as provided in a written operating agreement, a member, regardless of the nature of his contribution, has no right to demand and receive any distribution from a limited liability company in any form other than cash. Except as provided in a written operating agreement, a member may not be compelled to accept a distribution of any asset in kind from a limited liability company to the extent that the percentage of the asset distributed to him exceeds a percentage of the asset which is equal to the percentage in which he shares in distributions from the limited liability company.
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Bluebook (online)
Massachusetts § 33, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/156C/33.