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§ 4A-504. Form of distribution

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2012

West's Annotated Code of Maryland
Corporations and Associations
Title 4a. Limited Liability Company Act (Refs & Annos)
Subtitle 5. Finance
Effective: October 1, 2012
MD Code, Corporations and Associations, § 4A-504
§ 4A-504. Form of distribution
Unless otherwise agreed, 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 a form other than cash.

Credits

Added by Acts 1992, c. 536. Renumbered from Corporations and Associations § 4A-506 by Acts 1997, c. 659, § 2, eff. Oct. 1, 1997. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.
MD Code, Corporations and Associations, § 4A-504, MD CORP & ASSNS § 4A-504
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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