Oklahoma § 18-2028 Distribution - Cash - Asset in kind.

Oklahoma Statutes

§ 18-2028 — Distribution - Cash - Asset in kind.

Oklahoma § 18-2028

Title 18Corporations

This text of Oklahoma § 18-2028 (Distribution - Cash - Asset in kind.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 18, § 18-2028 (2026).

Text

Except as otherwise provided in the operating agreement: 1. A member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in any form other than cash; and 2. No member may be compelled to accept from a limited liability company a distribution of any asset in kind to the extent that the percentage of the asset distributed to the member exceeds the percentage which the member's interest in the limited liability company is of all of the interests in the limited liability company.

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Except as otherwise provided in the operating agreement: 1. A member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in any form other than cash; and 2. No member may be compelled to accept from a limited liability company a distribution of any asset in kind to the extent that the percentage of the asset distributed to the member exceeds the percentage which the member's interest in the limited liability company is of all of the interests in the limited liability company.