Washington Statutes
§ 25.15.221 — Distribution in-kind.
Washington § 25.15.221
This text of Washington § 25.15.221 (Distribution in-kind.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 25.15.221 (2026).
Text
A member, regardless of the nature of the member's contribution, has no right to receive any distribution from a limited liability company in any form other than money. A limited liability company may distribute an asset in kind to the extent that each member receives a percentage of the asset equal to the member's percentage share of distributions.
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Legislative History
[2015 c 188 s 44.]
Nearby Sections
15
§ 25.05.005
Definitions.§ 25.05.010
Knowledge and notice.§ 25.05.020
Supplemental principles of law.§ 25.05.025
Delivery and filing of statements.§ 25.05.030
Governing law.§ 25.05.050
Partnership as entity.§ 25.05.055
Formation of partnership.§ 25.05.060
Partnership property.§ 25.05.065
When property is partnership property.§ 25.05.100
Partner agent of partnership.§ 25.05.105
Transfer of partnership property.§ 25.05.110
Statement of partnership authority.§ 25.05.115
Statement of denial.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 25.15.221, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/25.15.221.